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Restaurant

Arby's - Brand New Construction | 15 Yr Abs NNN Lease

26324 Lorain Rd, North Olmsted, OH 44070

Listing Price: $2,842,000

Cap Rate
4.75%
Tenant Name
Arby's
Years Remaining On Lease
15.1
Gross SF
2,332
Guarantor
Corporate Guarantee
Rentable SF
2,332
Price/Gross SF
$1,218.70
Lease Type
NNN Ground Lease
Rent Per Square Feet
$57.89

Investment Overview

Brand-New Construction Arby’s 15-Year Ground Lease in North Olmsted, Ohio. 44,900 Cars per Day at Signalized Intersection of Lorain and Brookpark Roads. One of Cleveland’s Top Retail Trade Areas: 5.6 Million Square Feet of Retail at 98 Percent Occupancy. Arby’s “Inspire” Prototypical Structure with Double Drive-Thru; Modern All-Brick Façade.

Investment Highlights

  • Brand-New Construction Arby's 15-Year Ground Lease in North Olmsted, Ohio
  • Relocation and Franchisee-to-Corporate Transition of Arby's Store #4 (In Operation Since the 1960's on Adjacent Lot)
  • Lease Structure Provides Ability to Depreciate Certain Site Improvements
  • True Absolute Triple-Net Lease with Zero Landlord Responsibilities – Tenant Maintains All Capital Items, Pays Taxes Direct, Carries All Insurance, etc.
  • 10 Percent Rent Increases Every Five Years of Primary Term and in Each Option
  • Full Corporate Guaranty from Arby's Restaurant Group, Inc.; Corporately- Owned RTM Operating Company, LLC Lessee Entity
  • High-Traffic Location Proximate to Super-Regional Mall and Major Power Centers

Exclusively Listed By

Financing By

Restaurant

Arby's - Brand New Construction | 15 Yr Abs NNN Lease

Listing Price: $2,842,000

Cap Rate
4.75%
Tenant Name
Arby's
Years Remaining On Lease
15.1
Gross SF
2,332
Guarantor
Corporate Guarantee
Rentable SF
2,332
Price/Gross SF
$1,218.70
Lease Type
NNN Ground Lease
Rent Per Square Feet
$57.89

Investment Highlights

  • Brand-New Construction Arby's 15-Year Ground Lease in North Olmsted, Ohio
  • Relocation and Franchisee-to-Corporate Transition of Arby's Store #4 (In Operation Since the 1960's on Adjacent Lot)
  • Lease Structure Provides Ability to Depreciate Certain Site Improvements
  • True Absolute Triple-Net Lease with Zero Landlord Responsibilities – Tenant Maintains All Capital Items, Pays Taxes Direct, Carries All Insurance, etc.
  • 10 Percent Rent Increases Every Five Years of Primary Term and in Each Option
  • Full Corporate Guaranty from Arby's Restaurant Group, Inc.; Corporately- Owned RTM Operating Company, LLC Lessee Entity
  • High-Traffic Location Proximate to Super-Regional Mall and Major Power Centers

Investment Overview

Brand-New Construction Arby’s 15-Year Ground Lease in North Olmsted, Ohio. 44,900 Cars per Day at Signalized Intersection of Lorain and Brookpark Roads. One of Cleveland’s Top Retail Trade Areas: 5.6 Million Square Feet of Retail at 98 Percent Occupancy. Arby’s “Inspire” Prototypical Structure with Double Drive-Thru; Modern All-Brick Façade.

Exclusively Listed By

Financing By

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