Restaurant
Arby's
1972 West St, Annapolis, MD 21401
Listing Price: $1,645,000
Investment Overview
Marcus & Millichap, as the exclusive agent, is pleased to offer for sale the 2,345 sf Arby's situated on a 0.62 acre parcel in the vibrant and historical city of Annapolis, MD. Annapolis is home to the U.S. Naval Academy and is infused with an affluent and dense population.
Situated along West Street, one of the main arteries in Annapolis and a direct route to the U.S. Naval Academy, West Street boast a heavy traffic count of 34,000 VPD when last surveyed in year 2017. The vehicular traffic has grown since. Sharing this busy corridor and near the subject property situates large and well known regional and national tenants with the names of Target, The Home Depot, Trader Jose's Aldi just to name a few.
Arby's A-NNN lease features over 9 years remaining on the primary term with 10% rent increase every 5 years. The Lease provides for two 5 years options to extend the lease tern. Built in year 1983, it was completed remodeled in year 2024, showing commitment to the location.
The tenant, KBP Inspired, LLC, is a 117 unit Arby's Operator. Overall, KBP operates over 1,000 restaurants under brands of KFC, Taco Bell, Arby's and Sonic across 32 states and growing.
Arby's
Investment Highlights
- Absolute NNN Lease With a Large Restaurant Operator of Over 1,000 Locations Under Four Brands in 32 States.
- Recently Remodeled in Year 2024 Showing Commitment to This Location.
- 10% Rent Increase every 5 years Provides Hedge Against Inflation.
- Vibrant and Populous Infill Location and Home to the U.S. Naval Academy.
- West Street is One of the Major Arteries in the City of Annapolis With Traffic Counts of Over 34,000 VPD in Year 2017.
- Affluent Location with Average HHI of $151,000 in 5 Miles.
- Dense Population of Approx. 107,000 in 5 Miles.
- Annapolis is the closest state capital to the National Capital and is Located 25 Miles South of Baltimore and 30 Miles East of Washington D.C.
Exclusively Listed By
Broker of Record
Listing Price: $1,645,000
Investment Highlights
- Absolute NNN Lease With a Large Restaurant Operator of Over 1,000 Locations Under Four Brands in 32 States.
- Recently Remodeled in Year 2024 Showing Commitment to This Location.
- 10% Rent Increase every 5 years Provides Hedge Against Inflation.
- Vibrant and Populous Infill Location and Home to the U.S. Naval Academy.
- West Street is One of the Major Arteries in the City of Annapolis With Traffic Counts of Over 34,000 VPD in Year 2017.
- Affluent Location with Average HHI of $151,000 in 5 Miles.
- Dense Population of Approx. 107,000 in 5 Miles.
- Annapolis is the closest state capital to the National Capital and is Located 25 Miles South of Baltimore and 30 Miles East of Washington D.C.
Investment Overview
Marcus & Millichap, as the exclusive agent, is pleased to offer for sale the 2,345 sf Arby's situated on a 0.62 acre parcel in the vibrant and historical city of Annapolis, MD. Annapolis is home to the U.S. Naval Academy and is infused with an affluent and dense population. Situated along West Street, one of the main arteries in Annapolis and a direct route to the U.S. Naval Academy, West Street boast a heavy traffic count of 34,000 VPD when last surveyed in year 2017. The vehicular traffic has grown since. Sharing this busy corridor and near the subject property situates large and well known regional and national tenants with the names of Target, The Home Depot, Trader Jose's Aldi just to name a few. Arby's A-NNN lease features over 9 years remaining on the primary term with 10% rent increase every 5 years. The Lease provides for two 5 years options to extend the lease tern. Built in year 1983, it was completed remodeled in year 2024, showing commitment to the location. The tenant, KBP Inspired, LLC, is a 117 unit Arby's Operator. Overall, KBP operates over 1,000 restaurants under brands of KFC, Taco Bell, Arby's and Sonic across 32 states and growing.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Managing Director / Market Leader
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