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Restaurant

Arby's

311 State St, Jeffersonville, OH 43128

Listing Price: $1,230,000

Cap Rate
6.00%
Tenant Name
Arby's
Years Remaining On Lease
4.3
Gross SF
2,997
Guarantor
Franchisee Guarantee
Rentable SF
2,997
Price/Gross SF
$410.41
Lease Type
Absolute Net
Rent Per Square Feet
$24.62

Investment Overview

Marcus & Millichap is pleased to offer for sale the 2,997-square-foot single-tenant Arby’s in Jeffersonville, Ohio, (the Property), in which the tenant has over four years remaining on their 10-year absolute triple-net lease extension. The lease features an 8 percent increase in each of the two 5-year renewal options to offset inflation.

The 1.01-acre Property is in a commercially active area with several retail options nearby including Sheetz, BP, Shell and Family Dollar, which are directly neighboring the Property. Directly southwest of the Property stands TFO Tech Co., a large automotive manufacturing facility with 140 employees, while a cozy 40-key Quality Inn Washington Court House sits northeast of the Property.

Flying J Travel Center, a Berkshire Hathaway-owned truck stop, is located only 0.5 miles from the Property along State Route 734. Less than a mile away from the Property, along Interstate 71 (exit 69), lies the Buckeye RV dealership and showroom spanning over 43 acres of land. Destination Outlets, Ohio’s largest shopping destination, is located 5.2 miles southwest of the Property along Interstate 71. It offers a variety of retail spaces with a 97.2 percent occupancy rate, indicating a robust commercial environment. A variety of prominent retailers located within the outlet mall include Pottery Barn, Kay Jewelers, Under Armour, Bath & Body Works, Vera Bradley, T.J. Maxx, Skechers, Levi’s and many more.

Investment Highlights

  • Over 4 Years Remaining on a 10-Year Absolute Triple Net Lease Extension
  • 8 Percent Rent Increases in Two Five Year Renewal Options
  • Experienced Franchisee With Over 60 Arby's Units Throughout the U.S.
  • Prime Retail Location — Flying J Travel Center, Buckeye RV and Destination Outlets Near the Property and Many More
  • Arby's Has Operated at This Location Since 1994
  • Visibility to Over 41,900 Vehicles per Day

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Listing Price: $1,230,000

Cap Rate
6.00%
Tenant Name
Arby's
Years Remaining On Lease
4.3
Gross SF
2,997
Guarantor
Franchisee Guarantee
Rentable SF
2,997
Price/Gross SF
$410.41
Lease Type
Absolute Net
Rent Per Square Feet
$24.62

Investment Highlights

  • Over 4 Years Remaining on a 10-Year Absolute Triple Net Lease Extension
  • 8 Percent Rent Increases in Two Five Year Renewal Options
  • Experienced Franchisee With Over 60 Arby's Units Throughout the U.S.
  • Prime Retail Location — Flying J Travel Center, Buckeye RV and Destination Outlets Near the Property and Many More
  • Arby's Has Operated at This Location Since 1994
  • Visibility to Over 41,900 Vehicles per Day

Investment Overview

Marcus & Millichap is pleased to offer for sale the 2,997-square-foot single-tenant Arby’s in Jeffersonville, Ohio, (the Property), in which the tenant has over four years remaining on their 10-year absolute triple-net lease extension. The lease features an 8 percent increase in each of the two 5-year renewal options to offset inflation. The 1.01-acre Property is in a commercially active area with several retail options nearby including Sheetz, BP, Shell and Family Dollar, which are directly neighboring the Property. Directly southwest of the Property stands TFO Tech Co., a large automotive manufacturing facility with 140 employees, while a cozy 40-key Quality Inn Washington Court House sits northeast of the Property. Flying J Travel Center, a Berkshire Hathaway-owned truck stop, is located only 0.5 miles from the Property along State Route 734. Less than a mile away from the Property, along Interstate 71 (exit 69), lies the Buckeye RV dealership and showroom spanning over 43 acres of land. Destination Outlets, Ohio’s largest shopping destination, is located 5.2 miles southwest of the Property along Interstate 71. It offers a variety of retail spaces with a 97.2 percent occupancy rate, indicating a robust commercial environment. A variety of prominent retailers located within the outlet mall include Pottery Barn, Kay Jewelers, Under Armour, Bath & Body Works, Vera Bradley, T.J. Maxx, Skechers, Levi’s and many more.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

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