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Updated: 07.08.24 Posted: 10.19.23 Status: Sold

Summary

Price $2,100,000
Built/Renov 2021
Tenant Arby's
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,522
Lease Start 08-01-2021
#Units 1
Price/SF $832.67
Expiration 07-31-2043
Tenant Type Fast Food/QSR
NOI $126,028
R. Term 18.2
Ownership Fee Simple
Rent/SF $49.97
Increases 10.0%/3/yrs
Pop 5Mi 113,302
Lot/AC 0.69
Options 4/5yrs/10%
AHHI 5Mi $70,205

Lease Highlights

  • Arby's has 19+ years remaining on its current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years
  • Recent, large capital contribution | The Landlord contributed over $1MM for the tenant’s build-out of the building
  • Absolute NNN | Zero landlord responsibilities
  • Personal guarantee | Speak with Agent for details

Location Description

Arby’s is strategically located along Bataan Memorial W. with direct access from Rinconada Blvd. (10,250 VPD) and Northrise Drive (16,800 VPD). It has excellent visibility from U.S. Highway 70 which boasts 55,000+ passing by daily. The site is an outparcel to the local Walmart Supercenter and is adjacent to a new Dutch Bros Coffee and Take 5 Oil Change. It is also located at the center point...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Arby's
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:1
  • 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 : 6,580 57,746 117,382
2023 Total Population : 6,368 55,946 115,035
2023 Employed Civilian Pop : 2,764 24,492 48,388
2023 Total Businesses : 132 716 3,094
2023 Average Household Income : $ 86,289 $ 90,423 $ 77,048
2023 Total Consumer Spending : $ 205 M $ 1741 M $ 3136 M
2023 Median Age : 37 38 36
2023 Total Households : 2,752 22,187 46,706
2023 Pop Age 25+: Bachelor's Degree : 1,075 9,038 16,084
2023 Average Home Value : $ 270,583 $ 248,855 $ 230,259
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Rinconada Blvd 2022 20,095 0.03 mi
Bataan Memorial West Rinconada Blvd 2022 8,445 0.08 mi
FR-7014-P Bixler Dr 2021 4,204 0.15 mi
Bataan Memorial East Saturn Cir 2022 4,296 0.15 mi
Bataan Memorial West 2018 8,657 0.23 mi
Northrise Drive Bixler Dr 2022 11,023 0.26 mi
Rinconada Boulevard Roma Dr 2022 6,033 0.27 mi
Rinconada Blvd 2022 20,095 0.30 mi
Bixler Dr 2022 20,095 0.31 mi
Rinconada Blvd 2022 20,095 0.35 mi

Listing Broker

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