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Arby's

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Location / Contact

5711 Maxtown Road
Westerville, OH

For more information, contact:
Stephanie May Beaumier
CASTO
614.744.3404

General Info

Status AVAILABLE
Property Type Single Tenant
Price $2,748,567
Cap Rate 6.00%
Building Size 3,200 sq. ft.
Land Area 1.185 acres

Key Demographics

5-Mile
Radius
0-Mile
Radius
Population 232,084 N/A
Daytime Population 197,075 N/A
Median Age 36 Yrs. N/A
Households 96,078 N/A

Description

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.

Corporate Lease
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.

Strong Sales
With sales at nearly $400/SF, this Arby’s has seen positive sales growth everyyear for the past five years.

NNN Lease
Absolute NNN lease with zero Landlord responsibility.

Superior Demographics
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