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Views: 350 DOM: 74 Updated: 08.09.24 Posted: 06.25.24 Status: Active

Summary

Price $1,575,000
Built/Renov 2005
Tenant Arby's
Cap Rate 5.75%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,402
Lease Start 10-01-2023
#Units 121
Price/SF $462.96
Expiration 10-31-2043
Tenant Type Fast Food/QSR
NOI $90,543
R. Term 19.1
Ownership Fee Simple
Rent/SF $26.61
Increases 5.0%/4/yrs
Pop 5Mi 19,129
Lot/AC 1.23
Options 4/5yrs/5%
AHHI 5Mi $79,660

Lease Highlights

  • Arby’s has 19+ years remaining on the current lease term 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
  • The site will be undergoing a remodel in 2025/2026
  • Lease guaranteed by DRM, Inc. (121 units backed)

Location Description

Arby's is strategically located on Broadway Avenue, with access to 18,200 vehicles passing by daily. The property is an outparcel to Walmart Supercenter, surrounded by well-known national tenants including Walgreens, Dollar Tree, O'Reilly Auto Parts, AutoZone, and more. The 5-mile trade area is supported by a population of 19,129 residents with an average household income of $79,660. Yankton...

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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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Listing Broker

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