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Restaurant

Arby's

2105 Casey Rd, Fallon, NV 89406

Listing Price: $3,842,000

Cap Rate
4.75%
Tenant Name
Arby's
Years Remaining On Lease
20.1
Gross SF
2,516
Guarantor
Franchisee Guarantee
Rentable SF
2,516
Price/Gross SF
$1,527.03
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$72.54

Investment Overview

Founders Leroy and Forrest Raffel opened their first sandwich shop in Boardman, Ohio in 1964 and 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. Fallon is the county seat of Nevada’s Churchill County, home to an estimated 8,645 residents. Situated in the Lahontan Valley, this region was often called the Forty Mile Desert during the California Gold Rush. Due to its historic significance during the Gold Rush, Downtown Fallon was listed in the National Register of Historic Places in 2019. The city is served by the Churchill County School District and is home to the Fallon Campus of Western Nevada College.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease - 20+ Unit Franchisee
  • Eight Percent Rental Increases Every Five Years
  • New 2022 Construction with a Drive-Thru
  • 20,751 Residents within a Five-Mile Radius in Growing Trade Area
  • Outparcel to Walmart Supercenter
  • Average Household Income Exceeds $90,000 in the Immediate Area
  • Signalized Hard Corner Location with Excellent Visibility and Access Along Reno Highway/US-50 (19,000+ Cars per Day)
  • Close Proximity to Several National Retailers - Burger King, Harbor Freight Tools, McDonald's, Sonic Drive-In, Walgreens, etc.

Exclusively Listed By

  • Mark Ruble

    Executive Managing Director Investments

    (602) 687-6766

    Email Mark

    License(s): AZ: SA550593000, NV: S.0192964

    Phoenix

Broker of Record

  • Justin L. Forman

    First Vice President Investments

    (702) 215-7100

    License(s) NV: B.1002463.CORP

    Nevada

Financing By

Listing Price: $3,842,000

Cap Rate
4.75%
Tenant Name
Arby's
Years Remaining On Lease
20.1
Gross SF
2,516
Guarantor
Franchisee Guarantee
Rentable SF
2,516
Price/Gross SF
$1,527.03
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$72.54

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease - 20+ Unit Franchisee
  • Eight Percent Rental Increases Every Five Years
  • New 2022 Construction with a Drive-Thru
  • 20,751 Residents within a Five-Mile Radius in Growing Trade Area
  • Outparcel to Walmart Supercenter
  • Average Household Income Exceeds $90,000 in the Immediate Area
  • Signalized Hard Corner Location with Excellent Visibility and Access Along Reno Highway/US-50 (19,000+ Cars per Day)
  • Close Proximity to Several National Retailers - Burger King, Harbor Freight Tools, McDonald's, Sonic Drive-In, Walgreens, etc.

Investment Overview

Founders Leroy and Forrest Raffel opened their first sandwich shop in Boardman, Ohio in 1964 and 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. Fallon is the county seat of Nevada’s Churchill County, home to an estimated 8,645 residents. Situated in the Lahontan Valley, this region was often called the Forty Mile Desert during the California Gold Rush. Due to its historic significance during the Gold Rush, Downtown Fallon was listed in the National Register of Historic Places in 2019. The city is served by the Churchill County School District and is home to the Fallon Campus of Western Nevada College.

Exclusively Listed By

  • Mark Ruble

    Executive Managing Director Investments

    (602) 687-6766

    Email Mark

    License(s): AZ: SA550593000, NV: S.0192964

    Phoenix

Broker of Record

  • Justin L. Forman

    First Vice President Investments

    (702) 215-7100

    License(s): NV: B.1002463.CORP

    Nevada

Financing By

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