Arby's, Starke, FL

433 South Temple Avenue
Starke, FL 32091

PROPERTY SOLD

Property: Investment Sales

Square Footage: 3,737

Acreage: 2.47

Price: $1,440,000

Cap Rate: Call

Description:

  • 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

Arby's, Starke, FL

Downloads

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Contact

Tyson Glasser, CCIM
Director of Capital Markets & Dispositions
864.263.5427 - Main
404.435.6312 - Mobile