Arby's

100 Speedway Drive, Newark, OH 43055

$2,053,000

Cap Rate 6.00%

Views: 157 DOM: 101 Updated: 10.18.24 Posted: 09.11.24 Status: Active

Summary

Price $2,053,000	Built/Renov 2007	Tenant Arby's
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Corp Rated
Size/SF 3,320	Lease Start 10-01-2007	#Units 3,402
Price/SF $618.37	Expiration 10-31-2034	Tenant Type Fast Food/QSR
NOI $123,177	R. Term 9.10	Ownership Fee Simple
Rent/SF $37.10	Increases 1.7%/1/yrs	Pop 5Mi 67,801
Lot/AC 1.21	Options 4/5yrs/1.7%	AHHI 5Mi $92,246

Lease Highlights

Arby’s has been operating in this location since 2007
The tenant has 10 years remaining on the current lease term with 4 (5-year) options to extend
The lease features 1.7% annual rental increases throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Arby’s is strategically located on Speedway Drive, with access to 36,570 vehicles passing by daily. The property is within walking distance of the Cherry Valley Hotel and adjacent to the only gas station (Speedway) at the Thornwood Xing exit from State Road 16. The surrounding area boasts key educational institutions, including William H. McGuffey Elementary, Wilson Middle School, Newark...

...

Key Features

In location for years
Strategically located
Freeway close
Top 100 MSA
Affluent suburb location
Recently extended lease
Long 10+ yr lease
Annual rent increases
Corporate Guarantee
Credit rated company

...

Links

Arby's Wikipedia Arby's Wikipedia Newark, Ohio Zip Code 43055 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...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	4,032	32,516	68,100
2023 Total Population :	4,010	32,407	67,801
2023 Employed Civilian Pop :	2,067	15,478	31,714
2023 Total Businesses :	111	1,215	2,563
2023 Average Household Income :	$ 137,185	$ 105,197	$ 92,246
2023 Total Consumer Spending :	$ 165 M	$ 1129 M	$ 2185 M
2023 Median Age :	39	40	40
2023 Total Households :	1,408	12,436	27,286
2023 Pop Age 25+: Bachelor's Degree :	903	5,502	9,275
2023 Average Home Value :	$ 331,875	$ 276,467	$ 242,759

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Westgate Dr NE	Cherry Valley Rd SE	2010	512	0.16 mi
		2019	3,710	0.33 mi
RAMP FROM SR-16 EB TO THORNWOOD CROSSING	Cherry Valley Rd NE	2021	2,563	0.33 mi
RAMP FROM THORNWOOD CROSSING TO SR-16 WB	Fern Hill Dr	2021	2,918	0.37 mi
		2019	4,227	0.37 mi
RAMP FROM THORNWOOD CROSSING TO SR-16 EB	Cherry Valley Rd NE	2021	4,754	0.38 mi
RAMP FROM THORNWOOD CROSSING TO SR-16 EB	Cherry Valley Rd NE	2020	4,399	0.38 mi
Newark Granville Rd	Fern Hill Dr	2018	3,925	0.47 mi
RAMP FROM SR-16 WB TO THORNWOOD CROSSING	Westwood Dr	2021	2,810	0.52 mi
Newark Granville Road	Westwood Dr	2021	4,476	0.55 mi

Listing Broker

Gary Chou

Berkeley Capital Advisors

Contact

34 Listings
6122 Views
0 Sold

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
30078 Views
21 Sold

Gary Chou

With nearly a decade of experience in commercial real estate sales, Gary Chou leads Berkeley Capital Advisors’ West Coast office with a focus on Single Tenant Net Lease, Net Lease Portfolios, and Corporate Sale Leasebacks. Having brokered over 1,300 transactions totaling $3.5 billion, he and his team are highly regarded as one of the most active brokerage teams in the country and serve some of the world’s largest corporate companies, public and private REITs, private equity funds, developers, f

...

Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

...

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
31213 Views
23 Sold

Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

...

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