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100 Speedway Dr
Newark, OH 43055

$2,053,000 USD

Fast Food For Sale  •  3,320 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 3,320 SF
  • Lot Size 1.21 AC
  • Building Class B
  • Year Built 2007
  • Tenancy Single
0 Transit Score
12 Walk Score

Highlights

Corporately guaranteed lease from Inspire Brands which had 32,600+ restaurants and $32.5B+ in global sales in FY2023
Passive investment | Absolute NNN lease | Zero Landlord responsibilities
Early lease extension | Arby’s just extended their lease early, bringing the total base term to over 10 years
1.70% annual rent increases throughout the base term and options | Great hedge against inflation | Average CAP of 6.48% over the remaining base term
Excellent visibility from State Road 16 which boasts nearly 36,570 VPD
Walking distance to the Cherry Valley Hotel | 200+ rooms

Amenities

  • Drive Thru

Public Transportation

AirportDriveWalkDistance
John Glenn Columbus International 40 min - 29.5 mi
Rickenbacker International 50 min - 37.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 41
Type: Surface
Included in Rent: Yes
Gary Chou 949-506-2012 Berkeley Capital Advisors
Gary Chou 949-506-2012 Berkeley Capital Advisors