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Views: 40 DOM: 75 Updated: 04.16.24 Posted: 03.12.24 Status: Active

Summary

Price $1,565,000
Built/Renov 2021
Tenant Arby's
Cap Rate 5.75%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,342
Lease Start 11-01-2021
#Units 11
Price/SF $668.23
Expiration 10-31-2036
Tenant Type Fast Food/QSR
NOI $90,000
R. Term 12.5
Ownership Fee Simple
Rent/SF $38.43
Increases 5.0%/2/yrs
Pop 5Mi 10,636
Lot/AC 0.74
Options 1/5yrs/5%
AHHI 5Mi $74,723

Lease Highlights

  • Arby’s has 12+ years remaining on the current lease term with 1 (5-year) option to extend
  • The lease features 5% rental escalations throughout the initial term and option period
  • Absolute NNN | Zero landlord responsibilities
  • Lease guarantee by Friends Hospitality of Huntingburg, LLC

Location Description

Arby's is strategically located on Highway 231, with access to 12,032 vehicles passing by daily. The surrounding area features well-known national tenants including Dairy Queen, Wendy’s, IGA, Dollar General, Ace Hardware, and more. The 5-mile trade area boasts a population of 10,636 residents with an average household income of $74,723. Huntingburg is a city in Patoka Township, Dubois County,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Arby's
  • Guarantor:Franchisee
  • Company:Friends Hospitality of Huntingburg, LLC
  • # Units:11
  • 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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,851 7,663 11,276
2023 Total Population : 3,741 7,452 10,980
2023 Employed Civilian Pop : 1,772 3,570 5,417
2023 Total Businesses : 221 286 438
2023 Average Household Income : $ 62,553 $ 68,345 $ 76,445
2023 Total Consumer Spending : $ 84 M $ 177 M $ 285 M
2023 Median Age : 37 39 40
2023 Total Households : 1,520 2,948 4,264
2023 Pop Age 25+: Bachelor's Degree : 295 658 1,229
2023 Average Home Value : $ 159,529 $ 175,192 $ 206,555
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
North Main Street E 14th St 2021 12,598 0.03 mi
North Main Street Old State Rd 231 2018 13,743 0.05 mi
US 231 Old State Rd 231 2021 12,598 0.05 mi
East 12th Street N Geiger St 2021 1,666 0.19 mi
United States Highway 231 E 11th St 2001 14,310 0.23 mi
North Van Buren Street E 12th St 2021 1,555 0.23 mi
North Main Street E 10th St 2018 13,244 0.39 mi
US 231 E 19th St 2021 11,417 0.41 mi
North Main Street 20th St 2021 10,791 0.56 mi
East 6th Street 2019 5,321 0.64 mi

Listing Broker

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