Business for Sale in Springfield, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Springfield, IL 62703

Description

Marcus & Millichap is pleased to offer the opportunity to acquire a strong performing Arby's property consisting of 2,800 square feet on 0.64 acres of land. Arby's has been operating at this location since 1988, they currently have four (4) years remaining on their current term with two additional, 5-Year options & 10% increases every 5 years. They report sales per the lease and currently operate at a healthy 8.5% rent-to-sales ratio. This is an absolute triple net lease with zero landlord responsibilities. Investment Highlights: • Long Term Operations Since 1988 • 8.5% Rent-to-Sales Ratio - Financial Reporting Per Lease • Sun Holdings Inc. operates over 1,800 restaurants in 27 States, they are the 2nd largest franchisee in the United States. • Prime Location & High Visibility Fronting S. Dirksen Pkwy (12,000+ Vehicles Per Day)

Market Context

This food service in Springfield, IL is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing food service assets. It has been on the market for 68 days. Compare it against other food service listings for sale in Springfield, IL — <a href="/search/sale/other/illinois/springfield">view the full market</a>.

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