National Tenant with Long Historical Tenancy
As the second largest quick-service sandwich chain worldwide, this Arby’s ground lease has over 4 years remaining on the original 20-year lease.
Significant Rent Increases
12% rent increases with each of the three 5-year renewal options.
RTM Operating Company was Arby’s largest franchisee with over 700 restaurants in 21 states until it was purchased by the parent company, now ARG IHB Corp, a division of Roark Capital.
With sales at nearly $400/SF, this Arby’s has seen positive sales growth everyyear for the past five years.
Absolute NNN lease with zero Landlord responsibility.
Situated in a high growth, high income area where the average household income within three miles is $117,656 and the average retail expenditure is $2,967 per household per month.
High Consumer Expenditure
Within 5 miles of the subject property, $238 million is project to be spend on food away from home in 2015.
Highly Trafficked Intersection
SR-750/Polaris Parkway - 31,508 ADT
SR-3/State Street - 29,272 ADT