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Views: 89 DOM: 179 Updated: 12.11.24 Posted: 06.14.24 Status: Sold 12.11.24

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 14.4
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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 687 8,301 13,983
2024 Total Population : 668 8,201 13,793
2024 Employed Civilian Pop : 295 3,526 6,211
2024 Total Businesses : 142 563 687
2024 Average Household Income : $ 71,955 $ 66,018 $ 74,768
2024 Total Consumer Spending : $ 19 M $ 220 M $ 400 M
2024 Median Age : 45 44 44
2024 Total Households : 299 3,682 5,947
2024 Pop Age 25+: Bachelor's Degree : 39 775 1,236
2024 Average Home Value : $ 258,179 $ 252,346 $ 272,279
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Huntsville Highway Bluff Dr 2018 30,849 0.46 mi
Huntsville Highway Bluff Dr 2022 20,845 0.81 mi
Ardmore Highway Sunrise Ln 2022 5,033 0.85 mi
Liberty Road Wellsbrook Dr 2022 2,665 0.92 mi
US 64 Davidson St E 2021 8,884 0.96 mi
Wilson Parkway Davidson St E 2022 9,414 0.96 mi
Huntsville Hwy King Dr E 2003 16,240 1.08 mi
Liberty Rd Wellsbrook Dr 2003 2,270 1.09 mi
FAYETTEVILLE Sunrise Ln 2019 4,489 1.09 mi
Thornton Taylor Parkway Huntsville Hwy 2022 16,724 1.11 mi

Listing Broker

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