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


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