Arby's

2020 Ross Osage Drive, Amarillo, TX 79103

$1,618,417

Cap Rate 5.75%

Views: 124 Updated: 10.28.23 Posted: 10.28.23 Status: Inactive

Summary

Price $1,618,417	Built/Renov 1985	Tenant Arby's
Cap Rate 5.75%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,100	Lease Start 12-29-2015	#Units 230
Price/SF $522.07	Expiration 12-31-2035	Tenant Type Fast Food/QSR
NOI $93,059	R. Term 11.1	Ownership Fee Simple
Rent/SF $30.02	Increases 1.8%/1/yrs	Pop 5Mi 138,550
Lot/AC 0.84	Options 4/5yrs/1.75%	AHHI 5Mi $66,303

Lease Highlights

Arby’s has operated at this site for over 28 years
Arby’s absolute NNN lease features 12+ years of term remaining with 4 (5-year) renewal options | No Landlord obligations
The lease boasts rare 1.75% annual increases throughout the term and renewal options
This location is operated by Turbo Restaurants, a part of Sun Holdings Inc—which currently operates 230 Arby’s throughout TX

Location Description

Arby’s is conveniently located on a hard corner at the intersection of Ross Osage Drive (17,666 VPD) and SE 22nd Avenue, where it is just feet from Interstate 40 (87,136 VPD) and 1 mile east of the Interstate 40/Interstate 27 interchange (130,000+ combined VPD). The property benefits from 4.8 MSF of retail, 4.5 MSF of industrial, 4.5 MSF of office and 2,738 multifamily units within a 3-mile...

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Key Features

Hard corner intersection
In location for years
Dense retail corridor
Near major nationals
Freeway close
Income tax free state
Absolute NNN
Annual rent increases
Top franchise operator
Credit rated company

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Links

Arby's Wikipedia Arby's Wikipedia Amarillo, Texas Zip Code 79103 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Arby's
Guarantor:Franchisee
Company:Turbo Restaurants
# Units:230
Tenant S&P: B+
Moody’s: B2
Stock:Private

About Tenant

Arby’s is an American fast food sandwich restaurant chain and the first nationally franchised sandwich restaurant brand. Founded in 1964 in Boardman, OH, the chain is well known for slow roasted,...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	8,463	63,185	138,525
2023 Total Population :	8,515	63,275	138,550
2023 Employed Civilian Pop :	3,741	28,722	63,868
2023 Total Businesses :	346	3,378	5,722
2023 Average Household Income :	$ 58,356	$ 64,039	$ 66,303
2023 Total Consumer Spending :	$ 162 M	$ 1369 M	$ 3135 M
2023 Median Age :	31	33	35
2023 Total Households :	3,177	24,383	53,999
2023 Pop Age 25+: Bachelor's Degree :	465	4,855	12,012
2023 Average Home Value :	$ 124,788	$ 184,468	$ 187,717

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Ross Osage Dr	E 20th Ave	2005	14,840	0.06 mi
Ross Osage Dr	S Ross St	2017	16,509	0.07 mi
Ross St	E 15th Ave	2015	14,235	0.29 mi
E 16th Ave	S Williams St	2015	565	0.34 mi
Southeast 27th Avenue	S Osage St	2020	3,851	0.40 mi
Southeast 27th Avenue	S Garfield St	2021	6,294	0.40 mi
E 27th Ave	S Osage St	2015	7,780	0.44 mi
S Houston St	E 16th Ave	2015	208	0.46 mi
S Osage St	SE 28th Ave	2015	13,042	0.47 mi
E 20th Ave	S Arthur St	2017	2,612	0.53 mi

Listing Broker

Chris Bosworth

CBRE: NLPG Atlanta

Contact

133 Listings
15518 Views
62 Sold

Brian Pfohl

CBRE: NLPG Atlanta

Contact

132 Listings
15697 Views
60 Sold

Chris Bosworth

Chris Bosworth is a Vice Chairman and Managing Director of the CBRE Net Lease Property Group and Corporate Capital Markets practice. Mr. Bosworth’s focus is to advise institutions, private equity firms, REITs, developers and corporate users regarding all facets of net-leased properties. In his career, Mr. Bosworth and his partners, Will Pike and Brian Pfohl, have been responsible for the disposition of 3,900 transactions valued in excess of $29 billion. Mr. Bosworth and Mr. Pike co-head the

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Brian Pfohl

Brian Pfohl is an Executive Vice President with CBRE’s Net Lease Property and Corporate Capital Markets practice groups. Mr. Pfohl’s singular focus is to advise corporate users, institutions, private equity firms, REITs, developers, and private individuals regarding all facets of net-leased properties. Mr. Pfohl’s expertise stems from the myriad of sale-leaseback transactions, net lease investment sales, programmatic portfolio dispositions, and advisement assignments he has completed throughout

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Thomas Carr

CBRE: NLPG Atlanta

Contact

135 Listings
15677 Views
63 Sold

Thomas Carr

Thomas Carr is an Senior Investment Sales Analyst with CBRE’s Net Lease Property Group. As a member of the team led by Chris Bosworth and Will Pike, Mr. Carr plays an integral role in all aspects of the group’s property valuation, underwriting, and marketing efforts. He is also actively involved in marketing the team’s disposition assignments, specializing in single-tenant assets, national net-lease portfolios, and corporate sale-leasebacks, as well as advising 1031 exchange buyers. Mr. Carr

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