loader
Join Free
Views: 70 DOM: 209 Updated: 05.08.24 Posted: 10.31.23 Status: Active

Summary

Price $1,686,254
Built/Renov 2002
Tenant Arby's
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,440
Lease Start 10-01-2023
#Units 109
Price/SF $490.19
Expiration 09-30-2043
Tenant Type Fast Food/QSR
NOI $92,744
R. Term 19.4
Ownership Fee Simple
Rent/SF $26.96
Increases 5.0%/5/yrs
Pop 5Mi 30,615
Lot/AC 0.98
Options 4/5yrs
AHHI 5Mi $81,290

Lease Highlights

  • Arby’s recently signed a brand-new 20-year lease with 4 (5-year) options to extend
  • Lease features 5% rental increase throughout initial term and options starting with either year 20 base annual rent or 6.5% of sales, whichever is greater
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by DRM, Inc.

Location Description

Arby's is strategically positioned on 6th Avenue Southeast, averaging a daily traffic count of 31,935 vehicles. The surrounding trade area is supported by several national/credit tenants, including Hobby Lobby, Target, Walmart, O’Reilly Auto Parts, Family Dollar, and more. Located directly across the street is Avera St. Luke’s Hospital, a 60-bed medical facility. Furthermore, it enjoys a...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Arby's
  • Guarantor:Franchisee
  • Company:DRM, Inc.
  • # Units:109
  • 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,...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 11,901 29,097 30,862
2023 Total Population : 11,867 28,882 30,615
2023 Employed Civilian Pop : 6,118 15,253 16,209
2023 Total Businesses : 792 1,536 1,670
2023 Average Household Income : $ 61,058 $ 79,746 $ 81,290
2023 Total Consumer Spending : $ 287 M $ 868 M $ 933 M
2023 Median Age : 38 39 39
2023 Total Households : 5,326 12,436 13,125
2023 Pop Age 25+: Bachelor's Degree : 1,622 5,186 5,559
2023 Average Home Value : $ 183,584 $ 232,008 $ 238,694
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
US 12 S Harrison St 2021 19,484 0.03 mi
6th Avenue Southeast 2019 18,971 0.03 mi
Hwy 12 E S Jackson St 2001 31,835 0.20 mi
3rd Ave SE High St S 2001 4,305 0.23 mi
Dakota St Hwy 12 E 2001 7,870 0.24 mi
Goodrich Ave SE S Lawson St 2001 1,160 0.26 mi
S Lawson St Goodrich Ave SE 2001 6,925 0.27 mi
8th Ave SE S Jackson St 2001 1,165 0.27 mi
LAWSON ST S Goodrich Ave SE 2020 3,846 0.30 mi
S Lawson St Goodrich Ave SE 2001 5,920 0.30 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

NEWSLETTER SIGN UP

Subscribe
my activity