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Views: 71 DOM: 88 Updated: 09.12.24 Posted: 09.05.24 Status: Active

Summary

Price $3,833,000
Built/Renov 2024
Tenant Arby's
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,364
Lease Start 12-01-2024
#Units 1
Price/SF $1,621.40
Expiration 11-30-2044
Tenant Type Fast Food/QSR
NOI $230,000
R. Term 20.0
Ownership Fee Simple
Rent/SF $97.29
Increases 3.0%/1/yrs
Pop 5Mi 8,561
Lot/AC 0.80
Options 4/5yrs/3%
AHHI 5Mi $71,799

Lease Highlights

  • Brand new 2024 construction
  • New 20-year lease with 4 (5-year) options to extend
  • The lease features 3% annual rental escalations throughout the initial term and greater of FMV or previous base rent at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by LVP Food Service Concept

Location Description

Arby’s is strategically located near the hard corner intersection of Main Street and Ave Colonia, a major retail thoroughfare with access to 20,000 vehicles passing by daily. The property is near a Walmart Supercenter and Safeway grocery store, ideally positioned within Lamar’s largest industrial hub and directly across from McDonald’s and Sonic. Key educational institutions nearby include...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Arby's
  • Guarantor:Franchisee
  • Company:LVP Food Service Concept
  • # Units:1
  • Tenant S&P: B+
  • Moody’s: B2
  • 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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Listing Broker

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