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Arby's 5022 S 3rd St 4,106 SF Retail Building Louisville, KY 40214 $1,785,050 CAD ($434.74 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Recently Signed 10-Year Lease Extension | Arby's recently signed a 10-year lease extension expiring 12/31/2035, demonstrating dedication to this site.
- Exceptional Store Performance
- 57 Year Operating History | First Arby’s Ever Opened in the State of KY
- Corporate Tenant
Executive Summary
Surmount and Bang Realty are pleased to present the exclusive listing for an Arby's located at 5022 South 3rd Street, Louisville, KY. Arby’s has operated at this location since 1968, making it one of the original Arby’s restaurants and among the longest continuously operating locations in the nation — representing 57 years of operating history. The site consists of roughly 4,106 rentable square feet of building space on an estimated 0.51-acre parcel of land. This Arby's is subject to a newly signed 10-year Triple Net (NNN) lease extension that expires 12/31/2035. The current annual rent is $72,000 and has scheduled increases of 10.00% every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,106 SF
Year Built/Renovated
1969/1987
Price
$1,785,050 CAD
Price Per SF
$434.74 CAD
Cap Rate
5.50%
NOI
$98,178 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.51 AC
Zoning
C1-COMMERC
Frontage
120’ on 3RD ST
Walk Score®
Very Walkable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 060C00480000 | Improvements Assessment | $1,729,101 CAD |
| Land Assessment | $179,706 CAD | Total Assessment | $1,908,807 CAD |
Property Taxes
Parcel Number
060C00480000
Land Assessment
$179,706 CAD
Improvements Assessment
$1,729,101 CAD
Total Assessment
$1,908,807 CAD
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Arby's | 5022 S 3rd St
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