We had noticed a Net Leased Property in the Atlanta area recently and it had an Arby's in it with a Triple Net (NNN) Lease. Apparently it is off the market now.
This Net Lease property with Arby’s, is approximately 3,270 square feet, and sold for $1,265,000. Arby’s is a quick-service restaurant chain that is wholly-owned by the Atlanta-based Wendy’s/Arby’s Group.
We are finding more Commercial Real Estate Investors interested in the quick-service restaurant (Fast Food) net lease properties.
This Commercial Real Estate is in close proximity to Century III Mall, with anchor Tenants like Macy’s, JC Penney, Sears, and Dick’s Sporting Goods. Other retailers in this area include a Super Walmart, and a Kohl’s.
The Commercial property was signed to a Triple Net Lease (NNN) with approximately 15 years remaining with Arby’s Restaurant Group, as the Tenant. The buyer, from California, was performing a 1031 tax deferred exchange.