1636 W. Market St.  Akron, OH 44313, United States REF #:89572   Corporate Arby's NNN Lease Investment, Akron OH ADDITIONAL LINKS View Large Photos Print this Property Map this Property Show Street View Map E-mail Property ShareThis $925,000  calculate my payment    presented by:   Tony Morrison Lantern Bay Realty, Inc. 888-411-TONY(8669) phone 949-254-4044 mobile phone Inquire about property     DESCRIPTION B  Class 2,378  Avail. Sqft. 25  Parking 2  Restrooms N/A  Div. Sqft. N/A  Monthly Fees 1966  Year Built 2378  Blding Sqft. 1  Total Floors 30000  Lot Size Retail  Type 1  Floor Location This absolute triple net Arby's property has a current lease that expires in August 2020 (approx. 13 years left). Yearly rental income is $59,000 per year with the purchase price at 925K, the cap rate is 6.38%. The rent increases 5% every 5 years of initial lease signing date of August 2005 with 2 five year options. Tenant is Arby's Corporate. This free standing building sits on .70 acres, has been an Arby's since 1965, was refurbished in 1998 and is in excellent condition. Arby's Corporate has 30 day first right of refusal.     Property Type: Commercial For Sale Sale Type: Complex/Area: Downtown Current Use: Restaurants/Bars/Nightclubs Building Type: Retail Min. Down/Deposit: 30 Road Frontage: Busy Road Expenses: N/A Cap Rate: 6.38 Operating Income: 0 Vacancy: 0 Gross Annual Income: 590000   PROPERTY FEATURES Air Conditioned Fire Alarms Ground Level Door Kitchen Facilities Outside Lighting Restrooms - Handicapped Restrooms - Public Individual Electric Meter Individual Gas Meter Individual Water Meter   LOT FEATURES Retail Frontage Downtown South Side of Street Street Lights Open Parking Public Parking     Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in. All information is deemed reliable but its accuracy is not guaranteed and the viewer should independently verify all information.