Restaurant
Arby's (2024 Remodel)
4651 W 61st Ave, Hobart, IN 46342
Listing Price: $2,153,000
Cap Rate
6.00%
Tenant Name
Arby's
Years Remaining On Lease
13.8
Gross SF
2,440
Guarantor
Franchisee Guarantee
Rentable SF
2,440
Price/Gross SF
$882.38
Lease Type
Absolute Net
Rent Per Square Feet
$52.94
Investment Overview
Arby's in Hobart, Indiana.
Arby's (2024 Remodel)
Investment Highlights
- 2024 Remodel to Arby's Prototype | Tenant paid for Remodel | Drive-Thru Location with Ample Parking
- New 15-Year Extension Commenced June 1, 2024 | 14 Years left on Current Term | 21+ Year Operating History at this Location
- Operated & Guaranteed by AES Restaurant Group, LLC (2nd Largest Arby's Franchisee) | AES has 229 Locations across 17 States
- 1.00% Annual Rent Increases
- Absolute Net Lease with Zero Landlord Responsibility
- Interstate 65 Exit Location with 110,000+ Cars per Day | Adjacent to McDonald's, Taco Bell, Dunkin & Wendy's
- Dense & Affluent Area with more than 104,000 Residents within 5 Miles and the 1-Mile Average Household Income of $87,058
Exclusively Listed By
Listing Price: $2,153,000
Cap Rate
6.00%
Tenant Name
Arby's
Years Remaining On Lease
13.8
Gross SF
2,440
Guarantor
Franchisee Guarantee
Rentable SF
2,440
Price/Gross SF
$882.38
Lease Type
Absolute Net
Rent Per Square Feet
$52.94
Investment Highlights
- 2024 Remodel to Arby's Prototype | Tenant paid for Remodel | Drive-Thru Location with Ample Parking
- New 15-Year Extension Commenced June 1, 2024 | 14 Years left on Current Term | 21+ Year Operating History at this Location
- Operated & Guaranteed by AES Restaurant Group, LLC (2nd Largest Arby's Franchisee) | AES has 229 Locations across 17 States
- 1.00% Annual Rent Increases
- Absolute Net Lease with Zero Landlord Responsibility
- Interstate 65 Exit Location with 110,000+ Cars per Day | Adjacent to McDonald's, Taco Bell, Dunkin & Wendy's
- Dense & Affluent Area with more than 104,000 Residents within 5 Miles and the 1-Mile Average Household Income of $87,058
Investment Overview
Arby's in Hobart, Indiana.
Exclusively Listed By
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