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Views: 133 DOM: 241 Updated: 10.28.24 Posted: 03.25.24 Status: Active

Summary

Price $2,060,000
Built/Renov 1992/2023
Tenant Arby's
Cap Rate 5.65%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,704
Lease Start 05-01-2024
#Units 121
Price/SF $556.16
Expiration 04-30-2044
Tenant Type Fast Food/QSR
NOI $116,418
R. Term 19.5
Ownership Fee Simple
Rent/SF $31.43
Increases 5.0%/6/yrs
Pop 5Mi 4,733
Lot/AC 0.92
Options 4/5yrs/5%
AHHI 5Mi $91,008

Lease Highlights

  • Arby’s will be executing a brand-new 20-year with 4 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by DRM, Inc. (121 units backed)

Location Description

Arby's is strategically located on I-80, with access to 32,900 vehicles passing by daily. The property benefits from its positioning off I-80 (32,900 VPD), offering direct on/off ramp access to the site and the surrounding trade area. Additionally, it is located as an outparcel to an outlet mall that hosts tenants such as Polo, Nike, Under Armour, and more. This prime location is further...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Arby's
  • Guarantor:Franchisee
  • Company:DRM, Inc.
  • # Units:121
  • Tenant S&P: B+
  • Moody’s: B2
  • Stock:Private

About Tenant

Arby’s is an American fast-food restaurant chain and the first nationally franchised sandwich restaurant brand. Founded in 1964 in Boardman, OH, the chain is well known for slow-roasted, sliced...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 280 4,372 4,951
2023 Total Population : 264 4,138 4,727
2023 Employed Civilian Pop : 153 2,383 2,682
2023 Total Businesses : 60 224 245
2023 Average Household Income : $ 90,625 $ 90,676 $ 90,915
2023 Total Consumer Spending : $ 9 M $ 132 M $ 149 M
2023 Median Age : 40 40 40
2023 Total Households : 123 1,696 1,911
2023 Pop Age 25+: Bachelor's Degree : 55 780 838
2023 Average Home Value : $ 173,158 $ 199,423 $ 211,042
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
CR V77 E Evans St 2022 1,500 0.09 mi
CR V77 E Evans St 2022 1,500 0.10 mi
CR V77 E Evans St 2022 3,420 0.10 mi
CR V77 220th St 2022 1,410 0.10 mi
CR V77 220th St 2022 1,410 0.10 mi
CR V77 P Ave 2022 3,420 0.12 mi
CR V77 N Highland 2022 1,500 0.12 mi
CR V77 P Ave 2022 1,410 0.12 mi
CR V77 N Highland 2022 1,340 0.14 mi
N Highland St 2022 3,420 0.15 mi

Listing Broker

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