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Restaurant

Arby's (Corp. Just Remodeled and Extended - Huge Sales)

966 Gilbert Ferry Rd SE, Attalla, AL 35954

Listing Price: $2,208,000

Cap Rate
5.40%
Tenant Name
Arby's
Years Remaining On Lease
11.2
Gross SF
3,045
Guarantor
Corporate Guarantee
Rentable SF
3,045
Price/Gross SF
$725.12
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 recently agreed to extend the lease an additional 10 years through April 2036. In 2024 Arby's completed a full remodel of the building to their latest prototype. The remodel cost was valued at more than $600,000. The lease includes 10% rent bumps every five years throughout the lease and the option periods.

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
  • Full Remodel in 2024 at Cost of More than $600,000
  • Extremely Strong Store Sales and Very Healthy Rent/Sales Ratio (See Agent for Details)
  • Hard Corner, Signalized Intersection Location Directly Across from Walmart
  • Placer.ai Ranks This Restaurant In the 94th Percentile Nationally (179th Out of 3,117)

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Restaurant

Arby's (Corp. Just Remodeled and Extended - Huge Sales)

Listing Price: $2,208,000

Cap Rate
5.40%
Tenant Name
Arby's
Years Remaining On Lease
11.2
Gross SF
3,045
Guarantor
Corporate Guarantee
Rentable SF
3,045
Price/Gross SF
$725.12
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
  • Full Remodel in 2024 at Cost of More than $600,000
  • Extremely Strong Store Sales and Very Healthy Rent/Sales Ratio (See Agent for Details)
  • Hard Corner, Signalized Intersection Location Directly Across from Walmart
  • Placer.ai Ranks This Restaurant In the 94th Percentile Nationally (179th Out of 3,117)

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 recently agreed to extend the lease an additional 10 years through April 2036. In 2024 Arby's completed a full remodel of the building to their latest prototype. The remodel cost was valued at more than $600,000. The lease includes 10% rent bumps every five years throughout the lease and the option periods.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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