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Arby's

1818 6th Street, Brookings, SD 57006

$1,707,109

Cap Rate 5.50%

Updated: 01.12.24 Posted: 10.27.23 Status: Sold

Summary

Price $1,707,109
Built/Renov 2007
Tenant Arby's
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,309
Lease Start 10-01-2023
#Units 109
Price/SF $515.90
Expiration 09-30-2043
Tenant Type Fast Food/QSR
NOI $93,891
R. Term 18.4
Ownership Fee Simple
Rent/SF $28.37
Increases 5.0%/5/yrs
Pop 5Mi 26,378
Lot/AC 0.76
Options 4/5yrs
AHHI 5Mi $76,969

Keith Sturm
Upland Real Estate Group, Inc.
Contact

Amanda Leathers
Upland Real Estate Group, Inc.
Contact

Deb Vannelli
Upland Real Estate Group, Inc.
Contact

Lease Highlights

  • Arby’s recently signed a new 20-year lease with 4 (5-year) options to extend
  • The lease features 5% rental increases every 5 years
  • Absolute NNN | Zero landlord responsibilities
  • South Dakota is a no income tax state
  • Lease guaranteed by DRM, Inc., one of the largest Arby’s franchisees with 109 units

Location Description

Arby's is strategically positioned along US Highway 14, which has a daily traffic count of 14,978 vehicles. The property is located in the vicinity of other retailers, including Walmart, Lowe's, Starbucks, TJMaxx, and O'Reilly Auto Parts. Furthermore, this property is just a few blocks away from South Dakota State University, with an enrollment of approximately 11,300+ students, contributing...

...

Key Features

  • Major thoroughfare

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Income tax free state

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • 100+ unit franchisee backed

  • Credit rated company

    • ...

Links

Arby's Wikipedia Arby's Wikipedia Brookings, South Dakota Zip Code 57006 Broker Site Page

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 : 8,589 24,462 26,892
2023 Total Population : 8,584 24,147 26,378
2023 Employed Civilian Pop : 4,741 13,515 14,865
2023 Total Businesses : 385 1,101 1,157
2023 Average Household Income : $ 66,661 $ 75,463 $ 76,969
2023 Total Consumer Spending : $ 190 M $ 607 M $ 679 M
2023 Median Age : 24 27 28
2023 Total Households : 3,246 9,196 10,087
2023 Pop Age 25+: Bachelor's Degree : 1,151 3,880 4,454
2023 Average Home Value : $ 215,007 $ 244,158 $ 246,082
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
6th St Faculty Dr 2019 14,978 0.06 mi
6th St 20th Ave 2001 490 0.09 mi
17th Ave Dakota St 2001 3,950 0.12 mi
20th Avenue 6th St 2018 2,501 0.14 mi
20TH AVE 6th St 2020 2,026 0.14 mi
6th St Faculty Dr 2001 17,415 0.16 mi
Faculty Dr 6th St 2001 460 0.18 mi
17th Avenue 3rd St 2018 4,378 0.20 mi
17TH AVE 3rd St 2020 3,646 0.20 mi
I 29 BUS;US 14 21st Ave 2021 15,940 0.21 mi

Listing Broker

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