Arby's Ground Lease - Gadsden | 198 E Meighan Blvd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Arby's Ground Lease - Gadsden 198 E Meighan Blvd
2,447 SF Retail Building Gadsden, AL 35903 $3,203,766 CAD ($1,309 CAD/SF) 6.25% Cap Rate
Executive Summary
Investment Grade Tenant with Corporate Guarantee
Tenant recently fully renovated interior, exterior, and parking lot
Rare ownership opportunity in cxtremely competitive market
Strong recognizable brand
Zero landlord responsibilities
Long lease term remaining
20 year operating history in this location (built in 2004)
Highest traffic counts in market
Single tenant, freestanding building in this submarket is extremely rare; hard to replace
Nearby other national retailers: Walmart, Hobby Lobby, TJ Maxx, Ross, Five Below, Ulta, Petco, Aldi, Panda, Panera Bread, etc.
Serving 66,152 population within 7 mile radius trade area
35,492 Vehicles Per Day
Tenant recently fully renovated interior, exterior, and parking lot
Rare ownership opportunity in cxtremely competitive market
Strong recognizable brand
Zero landlord responsibilities
Long lease term remaining
20 year operating history in this location (built in 2004)
Highest traffic counts in market
Single tenant, freestanding building in this submarket is extremely rare; hard to replace
Nearby other national retailers: Walmart, Hobby Lobby, TJ Maxx, Ross, Five Below, Ulta, Petco, Aldi, Panda, Panera Bread, etc.
Serving 66,152 population within 7 mile radius trade area
35,492 Vehicles Per Day
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,447 SF
Building Class
B
Year Built
2005
Price
$3,203,766 CAD
Price Per SF
$1,309 CAD
Cap Rate
6.25%
NOI
$200,235 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.75 AC
Parking
28 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 15-02-03-4-000-120.000 | Improvements Assessment | $126,212 CAD |
| Land Assessment | $27,530 CAD | Total Assessment | $153,742 CAD |
PROPERTY TAXES
Parcel Number
15-02-03-4-000-120.000
Land Assessment
$27,530 CAD
Improvements Assessment
$126,212 CAD
Total Assessment
$153,742 CAD
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Arby's Ground Lease - Gadsden | 198 E Meighan Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.