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Views: 80 DOM: 161 Updated: 10.28.24 Posted: 06.15.24 Status: Active

Summary

Price $1,615,000
Built/Renov 1986/2024
Tenant Arby's
Cap Rate 5.85%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,130
Lease Start 10-01-2023
#Units 121
Price/SF $515.97
Expiration 10-31-2043
Tenant Type Fast Food/QSR
NOI $94,460
R. Term 18.11
Ownership Fee Simple
Rent/SF $30.18
Increases 5.0%/4/yrs
Pop 5Mi 15,400
Lot/AC 0.69
Options 4/5yrs/5%
AHHI 5Mi $76,190

Lease Highlights

  • Arby’s has 19+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by DRM, Inc. (121 units backed)

Location Description

Arby’s is strategically located at the signalized, hard corner intersection of Ryan’s Rd and N. Humiston Ave, with access to a combined daily traffic count of 15,400 vehicles. The property benefits from nearby direct on/off ramp access to Interstate 90, a major thoroughfare which sees 13,000 VPD. The immediate area is surrounded by well-known national tenants including Walmart Supercenter,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Arby's
  • Guarantor:Franchisee
  • Company:DRM, Inc.
  • # Units:121
  • 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 : 7,247 13,949 14,437
2023 Total Population : 7,309 14,025 14,513
2023 Employed Civilian Pop : 3,414 6,692 6,950
2023 Total Businesses : 354 648 678
2023 Average Household Income : $ 70,227 $ 75,490 $ 76,190
2023 Total Consumer Spending : $ 139 M $ 301 M $ 316 M
2023 Median Age : 32 35 36
2023 Total Households : 2,235 4,534 4,708
2023 Pop Age 25+: Bachelor's Degree : 366 1,230 1,282
2023 Average Home Value : $ 143,241 $ 192,938 $ 194,379
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Humiston Ave 2022 6,443 0.02 mi
Humiston Ave Ryan's Rd 2019 8,600 0.05 mi
Humiston Ave 2022 1,973 0.06 mi
Humiston Ave 2022 1,612 0.10 mi
Humiston Avenue Ryan's Rd 2022 8,600 0.11 mi
Humiston Ave 2022 3,771 0.14 mi
I- 90 Humiston Ave 2019 1,200 0.17 mi
Humiston Ave 2022 1,784 0.20 mi
N Humiston Ave I- 90 2019 1,200 0.23 mi
I- 90 2022 1,838 0.26 mi

Listing Broker

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