1408 W Main St

Brand-New 5-Year Lease Extension – Tenant recently exercised a five-year lease extension after successfully operating at the location for its original 20-year lease term, demonstrating a long-term commitment to the site.
Drive-Thru Equipped Restaurant – Purpose-built Arby's restaurant featuring a drive-thru, an increasingly valuable characteristic for quick-service restaurant investments.
Absolute Triple Net (NNN) Lease – Zero landlord responsibilities, providing truly passive ownership.
Corporate Arby's Guarantee – Lease is backed by the corporate Arby's entity, providing the security of a nationally recognized quick-service restaurant brand.
Strong Store Sales – Healthy operating performance reinforces the tenant's long-term commitment to this location and supports the recent lease extension.
10% Rental Increases Every Five Years – Contractual rent escalations provide consistent income growth and a hedge against inflation.
Three (3) Five-Year Renewal Options – Significant remaining lease extension potential, providing long-term cash flow stability.
Recently Remodeled – Tenant completed a comprehensive remodel in 2023, reinforcing its commitment to the location and enhancing the property's long-term appeal.
2005 Construction – Modern, purpose-built restaurant with limited near-term capital expenditure expectations.
Long-Term Operating History – Tenant has successfully operated at this location for more than two decades, reflecting strong site performance and an established customer base.
Premier Retail Corridor – Located in close proximity to Walmart Supercenter, Meijer Supercenter, Tractor Supply Co., Taco Bell, Subway, McDonald's, Jimmy John's, Biggby Coffee, Dunham's Sports, numerous hotels, large apartment communities, and a wide variety of additional national retailers, creating exceptional traffic generators and consumer demand.
Passive Investment Opportunity – Ideal for 1031 exchange buyers and investors seeking stable, predictable cash flow backed by a nationally recognized restaurant operator.

1408 W Main St

Overview

Encore Real Estate Investment Services

Additional Information

Encore Real Estate Investment Services

Parcel & Location