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Arby's 822 Cosby Hwy 4,301 SF Retail Building Newport, TN 37821 $5,291,382 CAD ($1,230.27 CAD/SF) 5.80% Cap Rate
Investment Highlights
- Absolute net lease | Zero landlord responsibilities
- Location ranks in the 98th percentile nationwide and in TN via Placer.ai | Top 60 store in the country out of 3,064 total locations
- Close proximity to I-40 & Cosby Hwy interchange | 55,525 VPD combined
- Long lease term | 17 years remaining
- Experienced Operator | Brumit Restaurant Group, LLC | 65 locations in NC, SC, & TN
- 2 miles from Newport Medical Center | 88 beds
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Arby's in Newport, TN. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,301 SF
Year Built
1988
Price
$5,291,382 CAD
Price Per SF
$1,230.27 CAD
Cap Rate
5.80%
NOI
$306,932 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.10 AC
Zoning
Commercial
Parking
63 Spaces (14.65 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 056I-H-009.00 | Improvements Assessment | $334,453 CAD |
| Land Assessment | $89,347 CAD | Total Assessment | $423,800 CAD |
Property Taxes
Parcel Number
056I-H-009.00
Land Assessment
$89,347 CAD
Improvements Assessment
$334,453 CAD
Total Assessment
$423,800 CAD
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Arby's | 822 Cosby Hwy
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