Subway - Absolute Net - 10-Year Term - Sale Leaseback

Subway - Absolute Net

10-Year Term - Sale Leaseback

New 10-Year Lease Term at Close of Escrow


Sale Leaseback - Franchise Operator; 12 Locations | Corporate Guarantee
Absolute Net - Zero Landlord Responsibilities
10 Percent Increases Every Five Years | Three, Five-Year Options
20 Year Operating History: Relocated to Adjacent Corner; Newly Built 2013
One of the Fastest-Growing Franchises in the World
Subway has 42,000 Plus Locations
Subway is the Second Biggest Fast Food Advertiser in the United States

1621 East Eldorado Street, Decatur, IL 62526

Request Offering Memorandum

Market Summary

Price                                   $960,000

Cap Rate                            6.50%

NOI                                     $62,370

Rentable SF                       4,000 SF

Price per SF                       $240.00

Year Built                            2013

Lot Size                               .55 Acres

Description

Subway leases 100% of the 4,000 sf. This building was built as a two-tenant property. Subway's operator sub-leases 1,700 sf to Carolyn's Mega Slots for $18,000/year. Subway pays all the expense at the property. The $18,000/year from Carolyn's Mega Slots is included in the NOI of $62,370.

Contact Us


The Saia | Andrew Group of Marcus & Millichap

Tammy Saia Info
(630) 570-2226
tsaia@marcusmillichap.com

Tami Andrew Info

(630) 570-2179

tandrew@marcusmillichap.com

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