Arby's, Gainesville MSA

433 South Temple Avenue
Starke, FL 32091

Site Plan(s) (PDF)

Aerial(s) (PDF)

Located on US Hwy 301 in northern FL between Jacksonville and Gainesville
3,737 square foot building developed on 2.47 acres that opened in September 2008
Arby’s is on a 20 year NNN lease with $7,654 rent bumps every 5 years and 4 options
The building was formerly a Burger King and remodeled into its current use by the seller
Wendy’s/Arby’s Group Inc, the third largest quick-serve restaurant company in the U.S.
This transaction closed escrow on November 25, 2009 for approximately $1,440,000
Buyer was a private 1031 exchange investor out of Illinois and paid cash for the property

Square Feet:

3,737

Acreage:

2.47

Cap Rate:

Call

Price:

$1,440,000

Property Type:

NNN

Purchase Type:

For Sale

Contact:

Tyson Glasser, CCIM

(864) 263-5427