loader
Join Free
Zeekin

Arby's

5990 Neal Avenue North, Oak Park Heights, MN 55082

$1,750,000

Cap Rate 5.52%

Views: 196 DOM: 822 Updated: 08.06.24 Posted: 09.26.22 Status: Active

Summary

Price $1,750,000
Built/Renov 1999
Tenant Arby's
Cap Rate 5.52%
Lease Type Abs NNN
Guarantor Corp Rated
Size/SF 4,337
Lease Start 02-20-2021
#Units 3,402
Price/SF $403.50
Expiration 12-31-2031
Tenant Type Fast Food/QSR
NOI $96,600
R. Term 7.0
Ownership Fee Simple
Rent/SF $22.27
Increases 5.0%/5/yrs
Pop 5Mi 46,089
Lot/AC 1.39
Options 2/5yrs/8%
AHHI 5Mi $142,211

Matthew Mousavi
SRS National Net Lease Group
Contact

Patrick Luther
SRS National Net Lease Group
Contact

Lease Highlights

  • The tenant, Franchise Associates LLC, has approximately 9 years remaining in their initial lease term with 2 (5-year) options to extend
  • Lease features a 5% rental increase in August 2026 and 8% increases at the beginning of each option period
  • Corporate guaranteed by RTM, Inc., a subsidiary of Arby’s Restaurant Group, Inc.
  • Absolute NNN lease

Location Description

Arby’s is strategically located just off State Highway 36 (40,500 VPD), a major commuter highway leading directly into the heart of the Minneapolis metropolitan area. Additionally, the property is ideally situated with proximity to both Walmart Supercenter and Target, two premium big-box tenants that significantly increase consumer draw to the immediate trade area. Other nearby...

...

Key Features

  • Oversized lot

  • Major thoroughfare

  • Dense retail corridor

  • Strategically located

  • Central metro location

  • Highway close

  • Affluent AHHI $100K 5 Mi

  • Affluent suburb location

  • Absolute NNN

  • Top franchise operator

    • ...

Links

Arby's Wikipedia Arby's Wikipedia Oak Park Heights, Minnesota Zip Code 55082 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2027 Total Population : 3,851 31,785 47,157
2022 Total Population : 3,811 30,751 45,437
2022 Employed Civilian Pop : 1,674 14,162 21,659
2022 Total Businesses : 439 1,399 1,709
2022 Average Household Income : $ 154,311 $ 143,414 $ 154,258
2022 Total Consumer Spending : $ 202 M $ 1411 M $ 2223 M
2022 Median Age : 46 44 44
2022 Total Households : 1,573 11,724 17,226
2022 Pop Age 25+: Bachelor's Degree : 898 6,184 9,616
2022 Average Home Value : $ 478,757 $ 435,585 $ 462,732
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Stillwater Blvd N Hwy 36 2017 23,300 0.11 mi
Curve Crest Blvd 62nd St N 2017 1,500 0.18 mi
Stillwater Blvd N Hwy 36 2019 20,100 0.18 mi
Curve Crest Blvd 62nd St N 2013 1,300 0.29 mi
Memorial Ave N 58th St N 2019 32,000 0.34 mi
Market Dr Curve Crest Blvd W 2017 3,650 0.35 mi
Curve Crest Blvd Long Lake Dr 2017 2,200 0.36 mi
Curve Crest Blvd W Market Dr 2017 10,800 0.38 mi
Stillwater Blvd N Stillwater Blvd N 2019 23,100 0.40 mi
State Hwy 36 Manning Ave N 2017 40,500 0.51 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

Company

© COPYRIGHT 2024 NET-TRADE. ALL RIGHTS RESERVED.

TERMS OF USE PRIVACY POLICY USER PLANS
my activity