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Restaurant

Arby's

45200 Monterey Pl, Sterling, VA 20166

Listing Price: $3,650,000

Cap Rate
3.84%
Tenant Name
Dulles Meats, LLC
Years Remaining On Lease
15.0
Gross SF
3,252
Guarantor
Franchisee Guarantee
Rentable SF
3,252
Price/Gross SF
$1,122.39
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.05

Investment Overview

By 1980 Arby’s had 1,000 locations across the United States. Sixteen years later, the company had over 3,000 restaurants. Today, the majority of the brand’s 3,400 restaurants are franchised. Inspire Brands was founded in February 2018 with a vision to invigorate great brands and supercharge their long-term growth. As of FY 2021, Inspire Brands is the second largest restaurant company in the world with 32,000 restaurants in 70 countries, over 3,400 franchisees, more than 650,000 company and franchise team members, and $30 billion in global system sales. Dulles Meats, LLC is a subsidiary of the Parikh Network, one of the largest franchise operators in North America with stakes in Arby’s, Dunkin Donuts and Popeyes. The company is one of the largest Popeye’s system operators with more than 121 locations across nine states. The company has been partnered with Arby’s since 2016 when they announced the development of 50 freestanding units as part of their national expansion. Sterling is a community in Loudoun County, Virginia, located within the Washington, D.C. metropolitan area. Loudoun County’s eastern-most residential and commercial region sprung up in 1962 with the development of planned community Sterling Park around Dulles International Airport. Today, Sterling is a bustling area well-known for its high-tech data centers, modern shopping malls, and suburban residential communities.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Lease with 10 Percent Rental Increases Every Five Years
  • New 2022 Complete Renovation
  • 250,117 Residents within a Five-Mile Radius - Washington, D.C. MSA
  • Growing Trade Area - Households and Population Projected to Increase 8 Percent + within Five Miles of the Subject Property by 2026
  • Situated in Dulles 28 Centre - Other Tenants Include Target, Wegmans, Buffalo Wild Wings, Chick-fil-A, Petco, Old Navy, and Chipotle
  • Less Than a 10 Minute Drive from Dulles International Airport, the Largest Airport in the Washington, D.C. MSA with 60,000+ Daily Passengers
  • Affluent Trade Area - Average Household Income Exceeds $173,000 within Five Miles
  • Located at the State Road 28 and 625 Interchange, with a Combined 157,400 Cars per Day

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Listing Price: $3,650,000

Cap Rate
3.84%
Tenant Name
Dulles Meats, LLC
Years Remaining On Lease
15.0
Gross SF
3,252
Guarantor
Franchisee Guarantee
Rentable SF
3,252
Price/Gross SF
$1,122.39
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.05

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Lease with 10 Percent Rental Increases Every Five Years
  • New 2022 Complete Renovation
  • 250,117 Residents within a Five-Mile Radius - Washington, D.C. MSA
  • Growing Trade Area - Households and Population Projected to Increase 8 Percent + within Five Miles of the Subject Property by 2026
  • Situated in Dulles 28 Centre - Other Tenants Include Target, Wegmans, Buffalo Wild Wings, Chick-fil-A, Petco, Old Navy, and Chipotle
  • Less Than a 10 Minute Drive from Dulles International Airport, the Largest Airport in the Washington, D.C. MSA with 60,000+ Daily Passengers
  • Affluent Trade Area - Average Household Income Exceeds $173,000 within Five Miles
  • Located at the State Road 28 and 625 Interchange, with a Combined 157,400 Cars per Day

Investment Overview

By 1980 Arby’s had 1,000 locations across the United States. Sixteen years later, the company had over 3,000 restaurants. Today, the majority of the brand’s 3,400 restaurants are franchised. Inspire Brands was founded in February 2018 with a vision to invigorate great brands and supercharge their long-term growth. As of FY 2021, Inspire Brands is the second largest restaurant company in the world with 32,000 restaurants in 70 countries, over 3,400 franchisees, more than 650,000 company and franchise team members, and $30 billion in global system sales. Dulles Meats, LLC is a subsidiary of the Parikh Network, one of the largest franchise operators in North America with stakes in Arby’s, Dunkin Donuts and Popeyes. The company is one of the largest Popeye’s system operators with more than 121 locations across nine states. The company has been partnered with Arby’s since 2016 when they announced the development of 50 freestanding units as part of their national expansion. Sterling is a community in Loudoun County, Virginia, located within the Washington, D.C. metropolitan area. Loudoun County’s eastern-most residential and commercial region sprung up in 1962 with the development of planned community Sterling Park around Dulles International Airport. Today, Sterling is a bustling area well-known for its high-tech data centers, modern shopping malls, and suburban residential communities.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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