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Restaurant

Arby's - Corporate (Full Remodel Planned and Recent 10-Yr Extension)

966 Gilbert Ferry Rd SE, Attalla, AL 35954

Listing Price: $2,271,500

Cap Rate
5.25%
Tenant Name
Arby's
Years Remaining On Lease
12.2
Gross SF
3,045
Guarantor
Corporate Guarantee
Rentable SF
3,045
Price/Gross SF
$745.98
Lease Type
Absolute Net
Rent Per Square Feet
$39.16

Investment Overview

Marcus & Millichap is proud to offer for sale the Arby’s fast-food restaurant located in Attala, Alabama at 966 Gilbert Ferry Road Southeast. The site operates under an Absolute Triple Net (tenant is responsible for all repairs and maintenance) lease that is corporate guaranteed by Arby’s which is headquartered in Atlanta, Georgia. The 20-year lease was originally signed in 2006 and Arby’s just agreed to extend the lease an additional 10 years through April 2036 and has agreed to complete a full remodel of the building to their latest prototype. The remodel is set to be completed prior to June 2024 and the estimated cost is $600,000-$800,000. The lease includes 10% rent bumps every five years throughout the lease and the option periods. This particular store benefits from extremely high store sales (see agent for details) which is the main reason Arby’s chose to extend the lease and remodel this store in 2024. The drive-thru property was built in 2005 and the building is 3,045 square feet and sits on a 0.85 acre parcel of land.

Investment Highlights

  • Absolute NNN Lease with Corporate Guarantee from Arby's Restaurant Group
  • Arby's Just Agreed to Extend the Lease an Additional 10 Years Through April 2036 (12 Years Remaining)
  • As Part of Lease Extension Arby's Agreed to Complete Full Remodel of the Existing Building by June 2024 with Estimated Cost of $600,000-$800,000
  • Hard Corner, Signalized Intersection Location Directly Across from Walmart Supercenter Entrance and Easy Access to Interstate-59
  • Extremely Strong Store Sales and Very Healthy Rent/Sales Ratio (See Agent for Details)

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Restaurant

Arby's - Corporate (Full Remodel Planned and Recent 10-Yr Extension)

Listing Price: $2,271,500

Cap Rate
5.25%
Tenant Name
Arby's
Years Remaining On Lease
12.2
Gross SF
3,045
Guarantor
Corporate Guarantee
Rentable SF
3,045
Price/Gross SF
$745.98
Lease Type
Absolute Net
Rent Per Square Feet
$39.16

Investment Highlights

  • Absolute NNN Lease with Corporate Guarantee from Arby's Restaurant Group
  • Arby's Just Agreed to Extend the Lease an Additional 10 Years Through April 2036 (12 Years Remaining)
  • As Part of Lease Extension Arby's Agreed to Complete Full Remodel of the Existing Building by June 2024 with Estimated Cost of $600,000-$800,000
  • Hard Corner, Signalized Intersection Location Directly Across from Walmart Supercenter Entrance and Easy Access to Interstate-59
  • Extremely Strong Store Sales and Very Healthy Rent/Sales Ratio (See Agent for Details)

Investment Overview

Marcus & Millichap is proud to offer for sale the Arby’s fast-food restaurant located in Attala, Alabama at 966 Gilbert Ferry Road Southeast. The site operates under an Absolute Triple Net (tenant is responsible for all repairs and maintenance) lease that is corporate guaranteed by Arby’s which is headquartered in Atlanta, Georgia. The 20-year lease was originally signed in 2006 and Arby’s just agreed to extend the lease an additional 10 years through April 2036 and has agreed to complete a full remodel of the building to their latest prototype. The remodel is set to be completed prior to June 2024 and the estimated cost is $600,000-$800,000. The lease includes 10% rent bumps every five years throughout the lease and the option periods. This particular store benefits from extremely high store sales (see agent for details) which is the main reason Arby’s chose to extend the lease and remodel this store in 2024. The drive-thru property was built in 2005 and the building is 3,045 square feet and sits on a 0.85 acre parcel of land.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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