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.