Pleasant Hills, Pennsylvania – We have information today on a Pennsylvania net lease property with Arby’s. Reports are that Commercial Real Estate agents from the Atlanta office of Marcus & Millichap Real Estate Investment Services have sold a net lease property with the Tenant Arby’s. This net lease investment is located in Pleasant Hills. Pleasant Hills is about 11 miles south of the Pittsburgh, Pennsylvania Commercial Real Estate market.
We had noticed a Net Leased Property in the Atlanta area recently and it had an Arby’s as Tenant. It was also a (NNN) Triple Net Lease. Apparently it is off the market now.
This Net Lease Property with Arby’s, is approximately 3,270 square feet, and sold for $1,265,000. Arby’s is a quick-service restaurant chain that is wholly-owned by the Atlanta-based Wendy’s/Arby’s Group.
We are finding more Commercial Real Estate Investors interested in the quick-service restaurant (Fast Food) net lease properties. McDonald’s triple net leased properties, Burger King, Wendy’s and Taco Bell Net Leased Properties are desired.
This Commercial Real Estate is in close proximity to Century III Mall, with anchor Tenants like Macy’s, JC Penney, Sears, and Dick’s Sporting Goods. Other retailers in this area include a Super Walmart, and a Kohl’s.
The Investment property was signed to a Triple Net Lease (NNN) with approximately 15 years remaining with Arby’s Restaurant Group, as the Tenant. The buyer, from California, was performing a 1031 exchange.
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