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Views: 397 DOM: 161 Updated: 10.28.24 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 18.11
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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 3,813 16,719 19,482
2024 Total Population : 3,695 16,532 19,251
2024 Employed Civilian Pop : 2,046 8,415 9,980
2024 Total Businesses : 182 996 1,103
2024 Average Household Income : $ 93,634 $ 90,146 $ 91,283
2024 Total Consumer Spending : $ 120 M $ 543 M $ 642 M
2024 Median Age : 42 42 42
2024 Total Households : 1,451 6,789 7,943
2024 Pop Age 25+: Bachelor's Degree : 532 2,373 2,616
2024 Average Home Value : $ 304,383 $ 256,651 $ 255,358
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
US 81;SD 50;SD 52 Tr 31st St 2021 5,552 0.04 mi
Broadway Street 2019 4,888 0.05 mi
E 31st St N Francis St 2001 2,550 0.23 mi
Broadway St 31st St 2001 6,240 0.26 mi
Douglas Ave E Francis St 2001 1,505 0.32 mi
US 81;SD 50;SD 52 Tr W 27th St 2021 6,975 0.39 mi
Broadway Street 2019 7,630 0.39 mi
Broadway Street 2019 7,630 0.39 mi
Broadway Street 2019 4,114 0.47 mi
Broadway Street 2019 4,114 0.47 mi

Listing Broker

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