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Views: 85 DOM: 167 Updated: 08.12.24 Posted: 03.25.24 Status: Active

Summary

Price $2,300,000
Built/Renov 1984/2023
Tenant Arby's
Cap Rate 5.63%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,219
Lease Start 05-01-2024
#Units 121
Price/SF $714.51
Expiration 04-30-2044
Tenant Type Fast Food/QSR
NOI $129,467
R. Term 19.8
Ownership Fee Simple
Rent/SF $40.22
Increases 5.0%/6/yrs
Pop 5Mi 112,680
Lot/AC 1.03
Options 4/5yrs/5%
AHHI 5Mi $84,616

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 near the signalized, hard corner intersection of Edgewood Road SW and 16th Ave SW, with access to a combined daily traffic count of 40,600 vehicles. The property features excellent visibility and prominent signage. The immediate area is surrounded by well-known national retailers such as ALDI, McDonald’s, Dunkin, Ross, Burlington, and more. Additionally, it is...

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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 : 9,656 59,839 113,709
2023 Total Population : 9,576 59,255 112,680
2023 Employed Civilian Pop : 5,108 31,556 58,988
2023 Total Businesses : 477 2,314 4,121
2023 Average Household Income : $ 66,272 $ 78,867 $ 84,616
2023 Total Consumer Spending : $ 242 M $ 1722 M $ 3498 M
2023 Median Age : 39 39 38
2023 Total Households : 4,196 25,132 47,648
2023 Pop Age 25+: Bachelor's Degree : 1,056 7,840 17,176
2023 Average Home Value : $ 172,516 $ 200,244 $ 210,872
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Edgewood Rd SW 12th Ave SW 2013 20,800 0.02 mi
16th Ave SW Edgewood Rd SW 2008 17,712 0.08 mi
16th Ave SW Edgewood Rd SW 2008 15,583 0.12 mi
Edgewood Rd SW 18th Ave SW 2013 18,800 0.14 mi
1st Ave W Auburn Dr SW 2009 3,550 0.22 mi
1st Ave W la Salle Dr SW 2009 3,790 0.23 mi
16th Ave SW Williams Blvd SW 2013 13,700 0.25 mi
12th Ave SW Foote St SW 2008 1,550 0.28 mi
US 151 Business Trent St SW 2022 12,000 0.30 mi
US 151 Business Trent St SW 2022 12,000 0.30 mi

Listing Broker

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