Arby's

1945 Indian Trail Lilburn Rd NW, Norcross, GA 30071

$2,500,000

Cap Rate 4.56%

$2,533,000

Cap Rate 4.50%

Views: 45 Updated: 09.26.22 Posted: 09.26.22 Status: Sold 07.29.22

Summary

Price $2,500,000 $2,533,000	Built/Renov 1985/2019	Tenant Arby's
Cap Rate 4.56% 4.50%	Lease Type Abs NNN	Guarantor Corp Rated
Size/SF 1,985	Lease Start 07-01-2022	#Units 775
Price/SF $1,259.45 $1,276.07	Expiration 06-30-2037	Tenant Type Fast Food/QSR
NOI $114,000	R. Term 12.6	Ownership Fee Simple
Rent/SF $57.43	Increases 1.3%/1/yrs	Pop 5Mi 262,716
Lot/AC 0.75	Options 4/5yrs/1.25%	AHHI 5Mi $73,923

Lease Highlights

The tenant, RTM Georgia, Inc. dba Arby’s, recently executed a brand-new 15-year lease renewal with 4 (5-year) options to extend
The lease features rare 1.25% annual rental increases throughout the initial term and option periods
Arby’s has been at this location since 2000 and has recently remodeled the property in 2019

Location Description

Arby’s is strategically located near the signalized, hard corner intersection of Indian Trail Lilburn Road and State Highway 378, averaging a combined 77,100 vehicles passing by daily. The asset is a quick 25-minute drive into Downtown Atlanta via Interstate 85 (311,000 VPD), making this an ideal, centralized location with easy commutes for both employees and customers. Arby’s is situated...

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Key Features

Signalized intersection
Recent renovation
Hard corner intersection
Dense retail corridor
Top 100 MSA
Brand new lease
Long 15+ yr lease
Absolute NNN
Annual rent increases
Corporate Guarantee

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Links

Arby's Wikipedia Arby's Wikipedia Norcross, Georgia Zip Code 30071 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Arby’s
Guarantor:Corp Rated
Company:RTM Georgia Inc.
# Units:775
Tenant S&P: B+
Moody’s: B2
Stock:Private

About Tenant

Arby’s is the second-largest sandwich restaurant brand in the world and was founded in 1964. It now has more than 3,500 restaurants in 9 countries and over 80,000 employees. Arby’s is well known...

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Demographics

	1 Miles	3 Miles	5 Miles
2027 Total Population :	9,008	108,498	281,415
2022 Total Population :	8,881	106,036	273,945
2022 Employed Civilian Pop :	4,285	52,580	140,717
2022 Total Businesses :	533	4,947	12,209
2022 Average Household Income :	$ 66,910	$ 74,168	$ 83,161
2022 Total Consumer Spending :	$ 172 M	$ 2318 M	$ 7104 M
2022 Median Age :	31	32	33
2022 Total Households :	2,905	35,738	98,336
2022 Pop Age 25+: Bachelor's Degree :	794	12,455	39,788
2022 Average Home Value :	$ 212,217	$ 291,031	$ 309,902

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Indian Trail Lilburn Road	Brook Hollow Pkwy	2018	38,100	0.11 mi
Indian Trail Lilburn Rd	Brook Hollow Pkwy	2013	32,878	0.11 mi
Indian Trail Lilburn Road	Brook Hollow Pkwy	2019	38,400	0.13 mi
	Indian TrlLilburn Rd	2019	7,020	0.22 mi
I- 85	Indian TrlLilburn Rd	2000	7,058	0.24 mi
	Indian TrlLilburn Rd	2019	14,900	0.31 mi
	Indian TrlLilburn Rd	2019	11,400	0.31 mi
Goshen Springs Rd	Church St	2019	12,600	0.33 mi
Willow Trl Pkwy	Willow Trail Dr	2019	11,500	0.34 mi
Pinnacle Way	Norcross Pkwy	2019	4,560	0.37 mi

Listing Broker

Matthew Mousavi

SRS National Net Lease Group

Contact

369 Listings
47209 Views
137 Sold

Patrick Luther

SRS National Net Lease Group

Contact

420 Listings
51728 Views
165 Sold

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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