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Restaurant

Arby's

311 East 14th Street, Huntingburg, IN 47542

Listing Price: $1,565,000

Cap Rate
5.75%
Tenant Name
Arby's
Years Remaining On Lease
13.1
Gross SF
2,342
Guarantor
Franchisee Guarantee
Rentable SF
2,342
Price/Gross SF
$668.23
Lease Type
Absolute Net
Rent Per Square Feet
$38.43

Investment Overview

Marcus & Millichap is pleased to present the Arby’s in Huntingburg, Indiana.

This 2,000+ square foot Arby’s location was built in 2021 and is drive-thru equipped as well. The franchisee signed an original 15-year lease in November of 2021 that is set to expire in October of 2036, leaving more than 13 years of lease term left. The lease is classified as absolute net, with the landlord having zero responsibilities and the tenant being responsible for all common area maintenance, taxes, and insurance expenses as well as the roof, structure, and HVAC. There are two rent increases included in the base term occurring every five years, as well as in the five-year renewal option offered at the end of the lease term.

Arby’s is located near other retail drivers including Dairy Queen, Wendy’s, IGA, Dollar General, Ace Hardware, and more. Huntingburg is a charming community known for its historic downtown district and 4th Street that includes a number of specialty shops and unique dining establishments. One of the most popular and well-known attractions in the city League Stadium, located in southern Huntingburg. Built in 1894 and renovated in the early 1990s, this historic stadium served as home field for the Rockford Peaches in the filming of the hit motion picture “A League of Their Own”. The stadium also starred in the HBO movie “Soul of the Game”.

The Arby’s is operated by Friends Hospitality of Huntingburg, LLC, which is managed and ran by three experienced restaurant operators, with a combined net worth of over $12 million. The three individuals operating 11 Arby’s locations and 4 Wings Etc. locations.

Investment Highlights

  • Absolute Net Lease | Zero Landlord Responsibility
  • 2021 Build-to-Suit Construction | Drive-Thru Location
  • Original 15-Year Lease Signed in November 2021 | 13+ Years Remaining on the Lease
  • Experienced Operator | Operate a Combined 11 Arby's Locations and Four Wings Etc. Locations | $12+ Million Combined Net Worth
  • Positioned Near Other Retail Drivers Including IGA, Dollar General, Dairy Queen, Ace Hardware & Wendy's
  • Huntingburg is Known for "League Stadium" | Built in 1894 and Remodeled in the Early 1990s | Historic Stadium Featured in Hit Motion Picture "A League of Their Own" and HBO Movie "Soul of the Game"
  • Huntingburg is 50 Miles from Evansville, IN (116k Residents) and 70 Miles from Louisville, KY (628k Residents)

Exclusively Listed By

Listing Price: $1,565,000

Cap Rate
5.75%
Tenant Name
Arby's
Years Remaining On Lease
13.1
Gross SF
2,342
Guarantor
Franchisee Guarantee
Rentable SF
2,342
Price/Gross SF
$668.23
Lease Type
Absolute Net
Rent Per Square Feet
$38.43

Investment Highlights

  • Absolute Net Lease | Zero Landlord Responsibility
  • 2021 Build-to-Suit Construction | Drive-Thru Location
  • Original 15-Year Lease Signed in November 2021 | 13+ Years Remaining on the Lease
  • Experienced Operator | Operate a Combined 11 Arby's Locations and Four Wings Etc. Locations | $12+ Million Combined Net Worth
  • Positioned Near Other Retail Drivers Including IGA, Dollar General, Dairy Queen, Ace Hardware & Wendy's
  • Huntingburg is Known for "League Stadium" | Built in 1894 and Remodeled in the Early 1990s | Historic Stadium Featured in Hit Motion Picture "A League of Their Own" and HBO Movie "Soul of the Game"
  • Huntingburg is 50 Miles from Evansville, IN (116k Residents) and 70 Miles from Louisville, KY (628k Residents)

Investment Overview

Marcus & Millichap is pleased to present the Arby’s in Huntingburg, Indiana. This 2,000+ square foot Arby’s location was built in 2021 and is drive-thru equipped as well. The franchisee signed an original 15-year lease in November of 2021 that is set to expire in October of 2036, leaving more than 13 years of lease term left. The lease is classified as absolute net, with the landlord having zero responsibilities and the tenant being responsible for all common area maintenance, taxes, and insurance expenses as well as the roof, structure, and HVAC. There are two rent increases included in the base term occurring every five years, as well as in the five-year renewal option offered at the end of the lease term. Arby’s is located near other retail drivers including Dairy Queen, Wendy’s, IGA, Dollar General, Ace Hardware, and more. Huntingburg is a charming community known for its historic downtown district and 4th Street that includes a number of specialty shops and unique dining establishments. One of the most popular and well-known attractions in the city League Stadium, located in southern Huntingburg. Built in 1894 and renovated in the early 1990s, this historic stadium served as home field for the Rockford Peaches in the filming of the hit motion picture “A League of Their Own”. The stadium also starred in the HBO movie “Soul of the Game”. The Arby’s is operated by Friends Hospitality of Huntingburg, LLC, which is managed and ran by three experienced restaurant operators, with a combined net worth of over $12 million. The three individuals operating 11 Arby’s locations and 4 Wings Etc. locations.

Exclusively Listed By

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