Arby’s Restaurant

15765 S Harlem Ave, Orland Park, IL 60462

$1,398,000

Cap Rate 5.90%

View OM

DOM: 10 Updated: 10.02.25 Posted: 10.02.25 Status: Active 10.02.25

Summary

Price $1,398,000	Built/Renov 1993/2020	Tenant Arby’s Restaurant
Cap Rate 5.90%	Lease Type Abs NNN	Guarantor Corp Rated
Size/SF 2,321	Lease Start 04-01-2020	#Units 3,402
Price/SF $602.33	Expiration 03-31-2035	Tenant Type Fast Food/QSR
NOI $82,500	R. Term 9.5	Ownership Fee Simple
Rent/SF $35.55	Increases 10.0%/6/yrs	Pop 5Mi 188,118
Lot/AC 0.67	Options 5/5yrs/10%	AHHI 5Mi $117,688

Steven Weinstock

Marcus & Millichap

Contact

Highlights

Freestanding Arby’s restaurant on Harlem Avenue in Orland Park, Illinois
Absolute NNN lease with zero landlord responsibilities
Lease term through March 2035 with five 5-year options
10 percent fixed rent increases every five years
Renovated in 2020 with updated drive-thru and signage
2,321 square feet on 0.67-acre lot with 31 parking spaces
Annual net operating income of $82,500 with 5.90% cap rate
Surrounded by Meijer, Home Depot, Hobby Lobby, Menards, and other national retailers

Location Description

Arby’s Restaurant is strategically located along Harlem Avenue in Orland Park, Illinois, with access to a daily traffic count of approximately 43,000 vehicles. The site is surrounded by major national retailers including Meijer, Home Depot, Hobby Lobby, Menards, Chili’s, Panda Express, White Castle, and AutoZone, driving consistent consumer traffic to the area. The property is located near...

...

Key Features

Hard corner intersection
In location for years
Major thoroughfare
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Affluent AHHI $100K 5 Mi
Long operation history
Absolute NNN

...

Links

Arby’s Restaurant Wikipedia Arby's Wikipedia Orland Park, IL Zip Code 60462 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Arby's
Guarantor:Corp Rated
Company:Inspire Brands, Inc
# Units:3,402
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...

...

Listing Broker

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT