Arby's

1482 Montgomery Highway, Vestavia Hills, AL 35216

$2,091,000

Cap Rate 5.50%

Views: 82 DOM: 150 Updated: 09.05.24 Posted: 04.11.24 Status: Active

Summary

Price $2,091,000	Built/Renov 1998/2016	Tenant Arby's
Cap Rate 5.50%	Lease Type Abs NNN	Guarantor Corp Rated
Size/SF 3,187	Lease Start 04-01-2024	#Units 3,402
Price/SF $656.10	Expiration 03-31-2034	Tenant Type Fast Food/QSR
NOI $115,000	R. Term 9.6	Ownership Fee Simple
Rent/SF $36.08	Increases 7.5%/5/yrs	Pop 5Mi 153,123
Lot/AC 0.68	Options 4/5yrs/7.5%	AHHI 5Mi $125,820

Aron Cline

Berkeley Capital Advisors

Contact

Lease Highlights

Arby’s recently executed a brand-new 10-year lease with 4 (5-year) options to extend
The lease features 7.5% annual 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 Montgomery Hwy, with access to 32,500 vehicles passing by daily. The property benefits from excellent visibility and access from Interstate 65, which sees 125,000 VPD. The immediate area is surrounded by well-known national tenants including Publix, Walgreens, Burlington, Starbucks, and more. Additionally, it is situated 15 minutes from the University of...

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Key Features

Dense retail corridor
Freeway close
Highway location
Top 100 MSA
Strong demographics
Brand new lease
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Credit rated company

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Links

Arby's Wikipedia Arby's Wikipedia Vestavia Hills, Alabama Zip Code 35216 Broker Site Page

Maps

Local Information

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
2028 Total Population :	10,025	69,427	152,859
2023 Total Population :	10,176	69,807	153,123
2023 Employed Civilian Pop :	5,619	38,733	83,645
2023 Total Businesses :	633	3,208	9,445
2023 Average Household Income :	$ 116,200	$ 124,262	$ 125,820
2023 Total Consumer Spending :	$ 449 M	$ 3179 M	$ 7023 M
2023 Median Age :	39	38	38
2023 Total Households :	4,496	29,807	65,112
2023 Pop Age 25+: Bachelor's Degree :	2,331	16,908	37,621
2023 Average Home Value :	$ 355,736	$ 391,645	$ 407,629

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Montgomery Highway	Deo Dara Dr	2021	33,374	0.04 mi
Montgomery Highway	Seven Oaks Cir	2020	33,374	0.04 mi
Columbiana Road	Vestavia Villa Ln	2014	15,500	0.08 mi
Columbiana Road	McGuire Rd	2018	16,474	0.09 mi
Columbiana Rd	McGuire Rd	2001	21,500	0.09 mi
Columbiana Road	Linda Vista Ln	2020	15,458	0.09 mi
Columbiana Road	Crossbridge Dr	2021	15,458	0.09 mi
Montgomery Hwy	Columbiana Rd	2020	9,964	0.20 mi
		2021	9,964	0.20 mi
	Columbiana Rd	2021	12,839	0.22 mi

Listing Broker

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