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Views: 66 DOM: 213 Updated: 05.08.24 Posted: 10.27.23 Status: Active

Summary

Price $1,717,455
Built/Renov 1986/2003
Tenant Arby's
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,130
Lease Start 10-01-2023
#Units 121
Price/SF $548.71
Expiration 09-30-2043
Tenant Type Fast Food/QSR
NOI $94,460
R. Term 19.4
Ownership Fee Simple
Rent/SF $34.95
Increases 5.0%/5/yrs
Pop 5Mi 14,513
Lot/AC 0.69
Options 4/5yrs
AHHI 5Mi $76,190

Lease Highlights

  • Renovation scheduled in the Spring of 2024
  • 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
  • Lease guaranteed by DRM, Inc., one of the largest Arby’s franchisees with 109 units

Location Description

Arby's is situated on Humiston Avenue, with daily traffic counts averaging 8,600 vehicles, and it's conveniently located near Interstate 90, where traffic counts average 9,400 VPD. This prime retail location is in close proximity to major national retailers such as Walmart, McDonald's, Dairy Queen, KFC, Tractor Supply, and many more. Within a 5-mile radius, the trade area is home to 14,513...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Arby's
  • Guarantor:Franchisee
  • Company:DRM, Inc.
  • # Units:121
  • 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 : 7,247 13,949 14,437
2023 Total Population : 7,309 14,025 14,513
2023 Employed Civilian Pop : 3,414 6,692 6,950
2023 Total Businesses : 354 648 678
2023 Average Household Income : $ 70,227 $ 75,490 $ 76,190
2023 Total Consumer Spending : $ 139 M $ 301 M $ 316 M
2023 Median Age : 32 35 36
2023 Total Households : 2,235 4,534 4,708
2023 Pop Age 25+: Bachelor's Degree : 366 1,230 1,282
2023 Average Home Value : $ 143,241 $ 192,938 $ 194,379
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Humiston Ave 2022 6,443 0.02 mi
Humiston Ave Ryan's Rd 2019 8,600 0.05 mi
Humiston Ave 2022 1,973 0.06 mi
Humiston Ave 2022 1,612 0.10 mi
Humiston Avenue Ryan's Rd 2022 8,600 0.11 mi
Humiston Ave 2022 3,771 0.14 mi
I- 90 Humiston Ave 2019 1,200 0.17 mi
Humiston Ave 2022 1,784 0.20 mi
N Humiston Ave I- 90 2019 1,200 0.23 mi
I- 90 2022 1,838 0.26 mi

Listing Broker

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