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$ 2,343,000
Est. payment | /mo
3,376 SqFt
$ 2,343,000
Est. payment | /mo
3,376 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,376 sqft
Price per Sqft $694
MLS Listing ID 26-9965
Construction Status Existing Structure
Year Built 1983
Lot Size 0.640 Acres
Acres 0.64
Source Alaska Multiple Listing Service
Property Description
Single-tenant Arby's investment opportunity in the heart of Kenai. This 3,376 SF absolute NNN property features a new 20-year lease with an experienced operator, Diversified Restaurant Group (365 locations), generating $150,000 NOI at a 6.4% cap rate. Located at Kenai's busiest retail corridor near Walmart, Safeway, Home Depot, and other national retailers, with 8% rent increases every five years.
Location
State AK
Area 305 - Kenai
Zoning UNK - Unknown
Building
Lot Size Range 0.64
New Construction No
Construction Status Existing Structure
Others
Tax ID 04705107
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