Single-tenant Arby's investment opportunity in the heart of Kenai. This 3,376 SF absolute NNN property features a new 20-year lease with an experienced operator, Diversified Restaurant Group (365 locations), generating $150,000 NOI at a 6.4% cap rate. Located at Kenai's busiest retail corridor near Walmart, Safeway, Home Depot, and other national retailers, with 8% rent increases every five years.
| MLS # | 26-9965 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1983 |
| Days On Site | 19 |
| Listing Provided By | Colliers International | Cason Martin |
| SQ Feet | 3,376 |
|---|---|
| Zoning | UNK - Unknown |
| Acreage | 0.64 |
| Tax Map Number | N/A |
|---|---|
| Tax Legal Description | Spur #2 L1 L1-A |
| State | AK |
|---|---|
| City | Kenai |
| Zip Code | 99611 |
| Area | 1B Kenai Peninsula Borough |
| Subarea | Kenai |
| Listing VS Median (in 99611) | |
Price: $2,343,000 low | high Med: $399,000 sqft: 3,376 low | high Med: 2,217 $ / sqft: $694 low | high Med: $193 On site: 19 low | high Med: 3.5 | |
| State | AK |
|---|---|
| City | Kenai |
| Zip Code | 99611 |
| Area | 1B Kenai Peninsula Borough |
| Subarea | Kenai |
| Listing VS Median (in 99611) | |
Price: $2,343,000 low | high Med: $399,000 sqft: 3,376 low | high Med: 2,217 $ / sqft: $694 low | high Med: $193 On site: 19 low | high Med: 3.5 | |