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Friday, February 4, 2011

Arbys Absolute NNN Ground Lease

Chicago, Illinois - We are looking at Arby's as Tenant for our Net Lease Properties information this afternoon. As our Net Lease Properties Investors see somewhat lower Cap Rates for McDonald's net leased properties and may want a larger return on their investment. We see that some Arby's and Burger King as Tenants for net lease properties are still giving steady returns on investments. We are reporting that a net-leased property with Arby's sold for $780,000. This Arby's net leased property is located at 5790 Belleville Crossing Street, in Belleville, Illinois.

Belleville is approximately 30 miles southeast of the Lambert-St.Louis International Airport which is at 4610 N Lindbergh Blvd in Hazelwood, Missouri. Belleville, Illinois is 295 Miles southwest of Chicago, the Windy City. The net leased property with Arby's is in the 62226 zip code which is situated in Saint Clair County.

This is an absolute NNN ground lease, with Arby's. This net leased property is a 3,300-square-foot, single-tenant property that sits on a little under one acre of land. This Arby's ground lease is located in front of Belleville Crossing. The retail property, Belleville Crossing is located at the intersection of Frank Scott Parkway and Highway 15. The Retail Shopping Center, Belleville Crossing, is a power center that is approximately 409,000 square-feet. The Retail Shopping Center is anchored by Home Depot and Target.

The net leased property seller is a private developer. The Buyer ended up with a capitalization rate of 7.5% for the net leased property. The net-leased tenant is an Arby’s franchise and they exercised its right of first refusal for the property. This type of property is a favorite of NNN Commercial Real Estate investors investor as it should provide a secure long-term income stream backed by a large national franchisee. Also a NNN Lease Investment property comes without any management responsibilities. As a Tenant being seen as responsible and able to pay on time, US Beef Corporation operates over 275 locations.

This NNN Lease Investment with Arby's Tenant, is about 12 miles southeast of Downtown St Louis. If you are not familiar with the ares, Highway 15 is the major commuter thoroughfare to St Louis and sustains a traffic count in the area of over 26,999 cars a day (VPD). Also triple net lease properties in the area benefit from a new $84 million High school that was completed across the street. That should present a great number of customers to purchase burgers at the local triple net lease properties with fast food tenants. Some of the National retail tenants in the area are Target, Home Depot, OfficeMax, PetSmart, Famous Footwear, Maurice's, Hibbett Sports, Qdoba, Hallmark, Mattress Giant, Payless Shoes, Verizon Wireless, Gamestop, Kecks Jewelry, Great Clips, and GNC. Some competition for the absolute NNN Ground Lease is Buffalo Wild Wings, White Castle, and Wendy's. Banking in the area can be done at Commerce Bank, and there are many other national retail tenants nearby.

When doing an NNN Commercial Real Estate Property search, it behooves you to search for properties with Assumable Debt. Look for an assumable Investment Property financing in place that matures not before 10 years. An Investment Property for sale offering an attractive Commercial Loan rate and is amortized and assumable, allows for unmatched benefits.

Contact Net Lease Properties to sell your net lease properties, purchase NNN Property or 1031 exchange opportunities.

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