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Views: 53 DOM: 85 Updated: 09.07.24 Posted: 06.14.24 Status: Contract 09.07.24

Summary

Price $2,045,000
Built/Renov 2000
Tenant Arby's (GL)
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Corp Rated
Size/SF 2,716
Lease Start 05-01-2024
#Units 3,402
Price/SF $752.95
Expiration 05-01-2039
Tenant Type Fast Food/QSR
NOI $112,500
R. Term 14.7
Ownership Ground Lease
Rent/SF $41.42
Increases 10.0%/5/yrs
Pop 5Mi 13,750
Lot/AC 0.87
Options 5/5yrs/10%
AHHI 5Mi $73,627

Lease Highlights

  • Brand new 15-year ground lease with 5 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Arby's is strategically located on Huntsville Highway, with access to 30,961 vehicles passing by daily. The property is surrounded by well-known national tenants, including Arby's, Jack in the Box, Walmart, Taco Bell, KFC, and more. This prime location is adjacent to Lincoln Park Shopping Center, anchored by Tractor Supply Co., and River Oak Shopping Center, anchored by Walmart Supercenter...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Arby's
  • Guarantor:Corp Rated
  • Company:Inspire Brands, Inc.
  • # Units:3,402
  • 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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