|
 |
|
| Arby’s |
725 W. Spring Creek Pkwy., Plano, Texas
Purchase Price: $1,596,569
• Twenty (20) Year Primary Lease
• ABSOLUTE NET LEASE (No landlord responsibilities)
• Annual rent increases of 1.7% annually
• Four (4) x 5-Year options
Land Area: ± 0.73 acres, Building Area: ± 3,052 SF
|
|
|
Willis Ventures is excited to announce that our brokerage has closed escrow on a Arby's in Plano, Texas. The property sold for $1,596,569 with a 6.50% capitalization rate.
Arby’s Restaurant Group, Inc. (“ARG”), a wholly owned subsidiary of Triarc, is the parent company of the franchisor of the Arby’s® restaurant system, and, through its subsidiaries, the owner and operator of over 1,000 Arby’s restaurants in the United States. With approximately 3,500 restaurants primarily in the United States, Arby’s is the largest restaurant franchising system specializing in the roast beef sandwich segment of the quick service restaurant (“QSR”) industry. Arby’s is also the 11th largest QSR chain in the United States.
The site is located just off a high traffic and full access intersection within a half mile from major retailers including Walgreens, Randall’s Grocery, Papa John’s Pizza, Eckerd’s, Hollywood Video and Wells Fargo Bank.
|
|
