Absolute NNN Lease with Corporate Guarantee: Backed by Arby’s Restaurant Group, Inc., the lease offers passive ownership with no landlord responsibilities and the security of a corporate guarantee
Long-Term Lease Term with ±11 Years Remaining: Lease extends through December 31, 2036, providing stable, predictable cash flow for over a decade.
Rare 1.5% Annual Rent Escalations: Annual rental increases enhance yield and provide a hedge against inflation — a notable feature rarely seen in QSR absolute NNN leases.
Attractive Pricing and Cap Rate: Offered at $1,712,855 with a 5.50% capitalization rate, supported by strong tenant performance and corporate credit.
Established Operating History: Arby’s has occupied the site since 1997, demonstrating long-term operational success; the property underwent a full redevelopment in 2018.
Modern 2018 Construction to Current Prototype: Redeveloped in 2018 to align with Arby’s “Inspire” design, ensuring conformity with current brand standards and operational efficiency.
Generous ±2.27 AC Parcel in Prime Retail Corridor: Strategically positioned along North Meridian Street with ±10,400 vehicles per day (VPD), offering high visibility and strong consumer traffic.
Fee Simple Ownership: The asset is offered as fee simple, providing complete ownership of both land and improvements with no ground lease encumbrance.
Extensive Option Periods with Built-In Rent Growth: Ten (10) five-year renewal options, each with 1.5% annual rent increases, support long-term income growth and future upside potential.