Restaurant
Arby's
2233 Biddle Rd, Medford, OR 97504
Listing Price: $1,978,000
Cap Rate
6.25%
Tenant Name
Arby's
Years Remaining On Lease
13.3
Gross SF
2,300
Guarantor
Personal Guarantee
Rentable SF
2,300
Price/Gross SF
$860.00
Lease Type
Absolute Net
Rent Per Square Feet
$53.75
Investment Overview
See Highlights
Arby's
Investment Highlights
- Dense trade area location - The property is located directly off two major highways and surrounded by national and regional tenants with a number of new commercial developments.
- Unmatched visibility - Highway 63 and Interstate Highway 5 sandwich the property and report over 113,000 vehicles per day combined.
- Strong Demographics- There are over 115,000 residents within five Miles of the property, boasting a strong average household income of approximately $80,000 within the same radius.
- Multiple renewal options - The tenant has over 13 years left on their initial 20-year lease term as well as four, five-year renewal options with rental increases every five years.
- Experienced Operator - SA Food Services, LLC is a successful, multi-unit operator in the North Western United States operating over 30 locations. The lease is Personally Guaranteed by the principal, Sanjive Datta who has been operating as an Arby's Franchisee for over 20 years.
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $1,978,000
Cap Rate
6.25%
Tenant Name
Arby's
Years Remaining On Lease
13.3
Gross SF
2,300
Guarantor
Personal Guarantee
Rentable SF
2,300
Price/Gross SF
$860.00
Lease Type
Absolute Net
Rent Per Square Feet
$53.75
Investment Highlights
- Dense trade area location - The property is located directly off two major highways and surrounded by national and regional tenants with a number of new commercial developments.
- Unmatched visibility - Highway 63 and Interstate Highway 5 sandwich the property and report over 113,000 vehicles per day combined.
- Strong Demographics- There are over 115,000 residents within five Miles of the property, boasting a strong average household income of approximately $80,000 within the same radius.
- Multiple renewal options - The tenant has over 13 years left on their initial 20-year lease term as well as four, five-year renewal options with rental increases every five years.
- Experienced Operator - SA Food Services, LLC is a successful, multi-unit operator in the North Western United States operating over 30 locations. The lease is Personally Guaranteed by the principal, Sanjive Datta who has been operating as an Arby's Franchisee for over 20 years.
Investment Overview
See Highlights
Exclusively Listed By
Broker of Record
Financing By
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