Restaurant
Arby's (Corp. Lease 10+ Years)
966 Gilbert Ferry Rd SE, Attalla, AL 35954
Listing Price: $2,111,000
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.
Arby's (Corp. Lease 10+ Years)
Investment Highlights
- Corporate Guaranteed Arby's - Lease Recently Extended and Building Underwent $600,000+ Remodel
- Extremely Strong Store Sales - See Agent for Details - Very Low Rent/Sales Ratio
- 2024 Full Remodel Completed to Latest Prototype - Corner Lot at Signalized Intersection
Broker of Record
-
Eddie Greenhalgh
Senior Managing Director Investments
Listing Price: $2,111,000
Investment Highlights
- Corporate Guaranteed Arby's - Lease Recently Extended and Building Underwent $600,000+ Remodel
- Extremely Strong Store Sales - See Agent for Details - Very Low Rent/Sales Ratio
- 2024 Full Remodel Completed to Latest Prototype - Corner Lot at Signalized Intersection
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 Managing Director Investments
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