Arby's

4043 State Route 39, Shelby, OH 44875

$1,865,171

Cap Rate 5.85%

Views: 78 DOM: 219 Updated: 07.03.24 Posted: 12.21.23 Status: Active

Summary

Price $1,865,171	Built/Renov 2018	Tenant Arby's
Cap Rate 5.85%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,000	Lease Start 02-15-2018	#Units 60
Price/SF $948.80	Expiration 02-28-2038	Tenant Type Fast Food/QSR
NOI $109,113	R. Term 13.7	Ownership Fee Simple
Rent/SF $54.56	Increases 7.5%/5/yrs	Pop 5Mi 14,524
Lot/AC 1.64	Options 4/5yrs/7.5%	AHHI 5Mi $75,625

Lease Highlights

Arby’s has 14+ years remaining on the current lease term with 4 (5-year) options
Lease features 7.5% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by Turbo Restaurants

Location Description

Arby's is strategically located on State Route 39, with access to 13,050 vehicles passing by daily. The property's prime location is further enhanced by its proximity to the North Central State College Kehoe Center, serving as a satellite campus for NCSC Mansfield. Moreover, the site is positioned on a stretch featuring four auto dealerships, all conveniently within walking distance. These...

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Key Features

New prototype
Dense retail corridor
Near major nationals
Strategically located
Highway location
University college close
Absolute NNN
Long 10+ yr lease
Personal guarantee
50+ unit franchisee backed

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Links

Arby's Wikipedia Arby's Wikipedia Shelby, Ohio Zip Code 44875 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Arby's
Guarantor:Franchisee
Company:Turbo Restaurants
# Units:60
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...

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 roast beef sandwiches. In 2011, Roark Capital Group acquired 81.5% of Arby's Restaurant Group, Inc. from The Wendy’s Company. In 2018, Arby's Restaurant Group acquired Buffalo Wild Wings and Rusty Taco for $2.4B; as part of the acquisition the parent company was renamed Inspire Brands. Late in 2018, the newly formed Inspire Brands purchased the remaining stake in Arby’s for $430M. Arby's Restaurant Group remains the franchisor of the Arby's brand. Today, the chain has over 3,400 restaurants (2,200+ franchised units) spanning 9 countries (180+ international units) and employs over 80,000 people.

Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 31,000 restaurants, and 650,000 company and franchise members, and has over $30B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

Founded in 1997, Turbo Restaurants is the operator of over 60 Arby’s locations, with an additional 30 locations in its pipeline across the United States. With an established and growing portfolio, Turbo Restaurants is fast becoming a major franchisee of Arby’s nationwide. It is part of the national holdings group Sun Holdings, Inc. which has an impressive portfolio of over 1,200 Applebee’s, Arby’s, Burger King, Golden Corral, IHOP, McAlister’s, Papa John’s, Popeyes, and Taco Bueno locations across 12 states.

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	1,207	11,652	14,463
2023 Total Population :	1,216	11,750	14,569
2023 Employed Civilian Pop :	543	5,891	7,146
2023 Total Businesses :	61	316	381
2023 Average Household Income :	$ 74,251	$ 71,305	$ 75,806
2023 Total Consumer Spending :	$ 38 M	$ 311 M	$ 404 M
2023 Median Age :	53	43	44
2023 Total Households :	593	4,984	6,085
2023 Pop Age 25+: Bachelor's Degree :	160	822	1,019
2023 Average Home Value :	$ 198,953	$ 163,798	$ 174,544

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Mansfield Ave	Taylortown Rd	2018	13,150	0.39 mi
Mansfield Avenue	George Hawk Rd	2021	11,219	0.62 mi
Mansfield Ave	Mickey Rd	2003	13,050	0.85 mi
Riverview Drive	River Bend Dr	2021	89	0.89 mi
Taylortown Road	Plymouth Springmill Rd	2021	999	0.94 mi
Harriette Drive	Glenwood Dr	2021	107	1.10 mi
Mickey Road	S Gamble St	2021	3,655	1.29 mi
Plymouth-Springmill Road	Taylortown Rd	2021	2,945	1.31 mi
South Gamble Street	Stiving Rd	2021	4,257	1.32 mi
State Rte 96	Plymouth Springmill Rd	2003	4,500	1.41 mi

Listing Broker

Richard Brehaut

CBRE: NLPG South Bay

Contact

24 Listings
1796 Views
6 Sold

Kent Presson

CBRE: NLPG South Bay

Contact

24 Listings
1796 Views
6 Sold

Richard Brehaut

Richard Brehaut is a Senior Vice President with CBRE’s Net Lease Property Group. Mr. Brehaut’s focus is to advise developers, family offices, private investors, REITs, private equity firms, and franchisees regarding all facets of net-leased properties. Mr. Brehaut specializes in transacting single-tenant and multi-tenant assets, national net-lease portfolios, and structuring sale-leasebacks for some of the largest global companies in the Retail, Industrial, Medical Office and Special Use sector

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Kent Presson

Senior Transaction Manager for the Anderson-Brehaut Net Lease Advisory Group based out of CBRE's South Bay office located in El Segundo, CA.

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Tony Anderson

CBRE: NLPG South Bay

Contact

24 Listings
1796 Views
6 Sold

Tony Anderson

As a Senior Vice President at CBRE, Tony serves as an advisor for many Corporate Real Estate entities including Developers, Family Offices, Private Equity Sponsors, Founder/Family Owned Companies and Franchisees on their real estate while also raising capital for various projects. He has underwritten and transacted for some of the largest global companies with aggregate deal volume exceeding $1.5 billion in the Retail, Industrial, Medical Office and Special Use spaces.

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