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Available For Sale - Retail

2,900 SF | Show Pricing $

AVAILABILITY DETAILS

Size
2,900 SF
Price/SF
Show Pricing $
Listing ID
SA440907
Notes
Marcus & Millichap is pleased to present the opportunity to acquire an Arby's located in Coshocton, Ohio. Arby's offers a new, 20-year, triple net lease with 16 years remaining on the base term. There are three, five-year renewal options with 1.5 percent rental increases annually throughout the base term and option periods. The subject property consists of a 2,900-square foot free-standing building, situated on a 0.56-acre parcel and underwent a roof replacement in 2019. Recent building renovations are valued at approximately $366,442.

The lease is guaranteed by D&J Giesen Inc. which owns and operates 15 Restaurants across three brands throughout Ohio and Colorado with more than 29 years of restaurant ownership experience.

The subject property is located less than one mile from Central Ohio Technical College with a total enrollment of nearly 5,000 students. Arby's in Coshocton is also located in the center of the state, 76 miles east of Columbia, 78 miles south of Akron and 102 miles south of Cleveland. Nearly 60 percent of the U.S. population is within an eight-hour driving radius.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Barry Wolfe, Wolfe-Lipsky Retail Group of Marcus & Millichap