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Views: 76 Updated: 10.28.23 Posted: 10.28.23 Status: Inactive

Summary

Price $1,618,417
Built/Renov 1985
Tenant Arby's
Cap Rate 5.75%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,100
Lease Start 12-29-2015
#Units 230
Price/SF $522.07
Expiration 12-31-2035
Tenant Type Fast Food/QSR
NOI $93,059
R. Term 11.7
Ownership Fee Simple
Rent/SF $30.02
Increases 1.8%/1/yrs
Pop 5Mi 138,550
Lot/AC 0.84
Options 4/5yrs/1.75%
AHHI 5Mi $66,303

Lease Highlights

  • Arby’s has operated at this site for over 28 years
  • Arby’s absolute NNN lease features 12+ years of term remaining with 4 (5-year) renewal options | No Landlord obligations
  • The lease boasts rare 1.75% annual increases throughout the term and renewal options
  • This location is operated by Turbo Restaurants, a part of Sun Holdings Inc—which currently operates 230 Arby’s throughout TX

Location Description

Arby’s is conveniently located on a hard corner at the intersection of Ross Osage Drive (17,666 VPD) and SE 22nd Avenue, where it is just feet from Interstate 40 (87,136 VPD) and 1 mile east of the Interstate 40/Interstate 27 interchange (130,000+ combined VPD). The property benefits from 4.8 MSF of retail, 4.5 MSF of industrial, 4.5 MSF of office and 2,738 multifamily units within a 3-mile...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Arby's
  • Guarantor:Franchisee
  • Company:Turbo Restaurants
  • # Units:230
  • 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 : 8,463 63,185 138,525
2023 Total Population : 8,515 63,275 138,550
2023 Employed Civilian Pop : 3,741 28,722 63,868
2023 Total Businesses : 346 3,378 5,722
2023 Average Household Income : $ 58,356 $ 64,039 $ 66,303
2023 Total Consumer Spending : $ 162 M $ 1369 M $ 3135 M
2023 Median Age : 31 33 35
2023 Total Households : 3,177 24,383 53,999
2023 Pop Age 25+: Bachelor's Degree : 465 4,855 12,012
2023 Average Home Value : $ 124,788 $ 184,468 $ 187,717
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Ross Osage Dr E 20th Ave 2005 14,840 0.06 mi
Ross Osage Dr S Ross St 2017 16,509 0.07 mi
Ross St E 15th Ave 2015 14,235 0.29 mi
E 16th Ave S Williams St 2015 565 0.34 mi
Southeast 27th Avenue S Osage St 2020 3,851 0.40 mi
Southeast 27th Avenue S Garfield St 2021 6,294 0.40 mi
E 27th Ave S Osage St 2015 7,780 0.44 mi
S Houston St E 16th Ave 2015 208 0.46 mi
S Osage St SE 28th Ave 2015 13,042 0.47 mi
E 20th Ave S Arthur St 2017 2,612 0.53 mi

Listing Broker

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