1521 State Rte 7th S Gallipolis, OH 45631-1884

Property Details for 1521 State Rte 7th S

Year built

1999

Construction

WOOD

Lot size

1.02 lot acres

Property size

3,450 SF

Property type

Turn key restaurants

APN

705105011

APU

705105011

Description

This exceptional investment opportunity presents a 3,450 square foot Arby's restaurant located at 1521 State Rte 7 S, Gallipolis, OH 45631. The property boasts a 20-year absolute NNN lease with AES Restaurants of Ohio, LLC, a significant operator within the AES Restaurant Group, holding 29 of 187 units. The lease commenced upon sale, offering ease of management with no landlord responsibilities. Built in 1999 and renovated in 2020, the property enjoys 100% occupancy and generates a strong net operating income (NOI) of $135,567, resulting in a 5.50% cap rate. The asking price is $2,464,856. This Arby's benefits from a prime location directly adjacent to Gallipolis's only Walmart Supercenter and a shadow-anchored strip center including Tractor Supply, Big Lots, McDonald's, Wendy's, Kay Jewelers, AT&T, Burger King, KFC, Aldi, Buffalo Wild Wings, and Dairy Queen. Arby's is part of the Inspire Brands family, the second-largest restaurant company in the United States, ensuring brand recognition and stability. This is a rare opportunity to acquire a long-term, passively managed, high-performing asset in a strong retail corridor. The property's strategic location and established national brand tenant provide significant investment security and potential for future appreciation. This sale-leaseback structure offers a compelling investment with substantial long-term returns.

Location Insight

City

Gallipolis

County

Gallia

State

Ohio

Longitude

-82.1719

Latitude

38.8233

CBSA code

38580

CBSA name

POINT PLEASANT, WV-OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments