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Views: 104 DOM: 241 Updated: 10.28.24 Posted: 03.25.24 Status: Active

Summary

Price $1,978,000
Built/Renov 2000
Tenant Arby's
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 4,785
Lease Start 05-01-2024
#Units 121
Price/SF $413.38
Expiration 04-30-2044
Tenant Type Fast Food/QSR
NOI $103,822
R. Term 19.5
Ownership Fee Simple
Rent/SF $21.70
Increases 5.0%/6/yrs
Pop 5Mi 129,658
Lot/AC 1.58
Options 4/5yrs/5%
AHHI 5Mi $95,490

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 at the signalized, hard corner intersection of Blairs Ferry Road NE and Blairs Forest Lane, with access to a combined daily traffic count of 29,500 vehicles. The property is part of a larger retail development anchored by Walmart Supercenter, Sam’s Club, Lowe’s, and more. Additionally, it is located less than a mile from I-380 (65,700 VPD), providing direct...

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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 : 7,972 55,865 131,147
2023 Total Population : 8,044 55,323 129,658
2023 Employed Civilian Pop : 4,252 29,323 67,719
2023 Total Businesses : 470 2,271 5,078
2023 Average Household Income : $ 76,986 $ 98,582 $ 95,490
2023 Total Consumer Spending : $ 236 M $ 2037 M $ 4507 M
2023 Median Age : 38 39 39
2023 Total Households : 3,545 23,995 54,698
2023 Pop Age 25+: Bachelor's Degree : 1,397 12,059 24,549
2023 Average Home Value : $ 178,467 $ 244,313 $ 236,233
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Blairs Ferry Rd 8th Ave 2009 21,100 0.06 mi
10th Ave Bowler St 2005 5,800 0.09 mi
Blairs Ferry Rd Blairs Forest Blvd NE 2013 21,700 0.22 mi
Blairs Ferry Rd 6th Ave 2009 29,500 0.23 mi
I- 380 2022 5,900 0.24 mi
I- 380 2022 10,700 0.25 mi
I- 380 2022 10,700 0.25 mi
I- 380 2022 6,500 0.25 mi
Blairs Ferry Rd 2022 6,500 0.26 mi
Blairs Ferry Rd 2022 12,400 0.27 mi

Listing Broker

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