Property details

Arby's Restaurant For Sale, Southeast Region

Property Description

Two free standing Arbys Restaurants The leases are corporate deals with 20 yr. original terms and triple net leases with bumps and options.

One Arby's is located next to a Industrial Park (Home to over 35 domestic and international companies) and surrounding restaurants include Mcdonalds, Taco Bell, etc. The second Arby's is an outparcel to a Wal-Mart Supercenter and other surrounding tenants are CVS,Steak-n-Shake, Starbucks,Staples, Pier 1 Imports,etc. The City is home to Publix, Kroger, K-mart, Target and many restaurants.

The 20-year leases commenced in 2000 and the lease dates shown are example only. Inquire for actual 2000 commencement dates.

About the Tenant

From Wikipedia, the free encyclopedia

Arby's is a fast food restaurant chain in the United States and Canada that is a wholly owned subsidiary of Wendy's/Arby's Group. It is primarily known for selling roast beef sandwiches and curly fries. The company's target market attempts to be more adult-oriented than other fast food restaurants. The Arby's menu also includes chicken sandwiches, appetizers, salads, Market Fresh (deli-style) sandwiches, wraps, and submarine sandwiches. Its headquarters is in Sandy Springs,Georgia.

There are 3,688 Arby's restaurants in the United States and Canada. As of December 30, 2007, there were 1,106 stores-owned by corporate and 2,582 Arby's restaurants owned by 462 franchisees. Of the franchisee-owned restaurants, 2,458 operate within the United States and 124 are outside the United States, principally in Canada. There are also locations in Qatar, Turkey and the United Arab Emirates. It owns the franchise T.J. Cinnamons that, as of December 2007, has 243 locations with 225 multi-branded with company stores. They also have six multi-branded Pasta Connections. They are currently only franchising the T.J. Cinnamons brand. In 1993, Arby's opened a new "prototype" restaurant in Colonial Heights, VA that featured the regular Arby's menu, plus Mexican, rotisserie chicken/vegetable, and Eskimo Pie lines. It, along with the other "prototype" in the West End of Richmond, VA, is the biggest Arby's in the world. They both feature the expansive menus and have elegant interior design and spacious seating and expansive ceilings.

Images

Highlights

Status:: Sold
Price:: $3,065,000
PSF:: $473
Cap Rate:: 8.00%
Annual Rent:: $254,194
Rent Increases:: 3% INCREASES EVERY 2 YRS.

Property Information

Building Size:: 6,477 sq.ft.
Property Type:: Net Lease
Industry Type:: Restaurant
Units/Spaces:: 1
Year Built:: 2000
Land Area:: 2.39 acres
Purchase Tenure:: Fee Simple

Lease information

Tenant:: Arby's
Lease Type:: NNN
Lease Commencement:: 03/01/2000
Lease Expiration:: 02/01/2020
Lease Term:: 20 years
Lease Remaining:: -5.8 years
Landlord Responsibilities:: None
Options:: 2, FIVE YR. OPTIONS WITH BUMPS EVERY 2 YRS.

Existing financing information

N/A

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