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Restaurant

New Construction Arby's | 15 Year Ground Lease | Corporate Guaranty | 10% Increases Every 5 Years

2640 N Central Ave, Humboldt, TN 38343

Listing Price: $1,700,000

Cap Rate
5.00%
Tenant Name
Arby's
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
2,000
Lease Type
Ground Lease
Rent Per Square Feet
$42.50

Investment Overview

Marcus & Millichap is pleased to bring to market Arby's, located in Humboldt, TN.

Investment Highlights

  • Brand New 2022 Construction | High Image Design | 15 Year Ground Lease with 10% Increases Every 5 Years
  • Opening August 2022 | Lease is Corporately Guaranteed
  • Arby's is Ranked 16th in QSR Magazine's Top 50 Biggest QSR Brands in America | Arby's Has Over 3,400 Restaurants Nationwide and in Eight Countries
  • Arby's is the Flagship Property of Inspire Brands | Inspire Brands is an S&P B+ Credit Rated Tenant
  • In 2021, Arby's Pushed Systemwide Sales Up from $3.885 Billion to $4.215 Billion | In February 2022, Arby's Announced an Expansion into Southeastern Mexico
  • Outparcel to Walmart Supercenter (Relocated/Expanded) | 10,300+ VPD on N. Central Ave. | Situated in a Dense Retail Corridor Near the Highway 45 Bypass (15,980+ VPD) Surrounded by Multiple National Tenants Such as McDonald's, Dollar General, Auto Zone, Wendy's, Taco Bell, Walgreens and More
  • Proximate to Humboldt Jr./Sr. High | 450+ Students & Faculty | 1 Mile from Tyson Foods Humboldt Facility With 1,200+ Employees, Adjacent to New FedEx Shipping Facility
  • Humboldt is 1 Hour and 30 Minutes from Downtown Memphis, TN | Tennessee has No State Income Tax on Wages

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Restaurant

New Construction Arby's | 15 Year Ground Lease | Corporate Guaranty | 10% Increases Every 5 Years

Listing Price: $1,700,000

Cap Rate
5.00%
Tenant Name
Arby's
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
2,000
Lease Type
Ground Lease
Rent Per Square Feet
$42.50

Investment Highlights

  • Brand New 2022 Construction | High Image Design | 15 Year Ground Lease with 10% Increases Every 5 Years
  • Opening August 2022 | Lease is Corporately Guaranteed
  • Arby's is Ranked 16th in QSR Magazine's Top 50 Biggest QSR Brands in America | Arby's Has Over 3,400 Restaurants Nationwide and in Eight Countries
  • Arby's is the Flagship Property of Inspire Brands | Inspire Brands is an S&P B+ Credit Rated Tenant
  • In 2021, Arby's Pushed Systemwide Sales Up from $3.885 Billion to $4.215 Billion | In February 2022, Arby's Announced an Expansion into Southeastern Mexico
  • Outparcel to Walmart Supercenter (Relocated/Expanded) | 10,300+ VPD on N. Central Ave. | Situated in a Dense Retail Corridor Near the Highway 45 Bypass (15,980+ VPD) Surrounded by Multiple National Tenants Such as McDonald's, Dollar General, Auto Zone, Wendy's, Taco Bell, Walgreens and More
  • Proximate to Humboldt Jr./Sr. High | 450+ Students & Faculty | 1 Mile from Tyson Foods Humboldt Facility With 1,200+ Employees, Adjacent to New FedEx Shipping Facility
  • Humboldt is 1 Hour and 30 Minutes from Downtown Memphis, TN | Tennessee has No State Income Tax on Wages

Investment Overview

Marcus & Millichap is pleased to bring to market Arby's, located in Humboldt, TN.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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