Restaurant

Arby's

800 W Cherry St, Glasgow, KY 42141

Listing Price: $1,900,000

Cap Rate
6.00%
Tenant Name
Arby's
Years Remaining On Lease
18.9
Gross SF
3,076
Guarantor
Franchisee Guarantee
Rentable SF
3,076
Price/Gross SF
$617.69
Lease Type
Absolute Net
Rent Per Square Feet
$37.06

Investment Overview

Marcus & Millichap is pleased to exclusively present for your acquisition review the net leased Arby's located in Glasgow, Kentucky.

The 3,076 square foot building was originally built-to-suit in 2008 and received a complete renovation in 2020 to the Arby's prototype. Arby's has successfully operated at this location for more than 11 years, and made a considerable investment paying for the remodel, illustrating their commitment to this site. The franchisee signed an original 10-year lease commencing December 1, 2008, and elected to negotiate a new 20-year lease alongside the renovation. The new lease expiration is set for December 31, 2039 leaving more than 19 years of lease term remaining. The lease is classified as absolute net, with the landlord having zero responsibilities and the tenant being responsible for all common area maintenance, taxes and insurance expenses as well as the roof, structure and HVAC. There are rare rent increases every 5 years throughout the entirety of the base lease term, providing a prefect hedge against future inflation.

Arby's is strategically positioned in the heart of Glasgow, surrounded by national retailers that act as both economic and traffic drivers to the area. Arby's is immediately surrounded by Wendys, McDonalds, Popeyes, Long John Silvers, Dominos Pizza, Little Caesars Pizza and both a Germain American Bank branch and a U.S. Bank branch. Arby's sits adjacent to the Barren River Plaza, which is anchored by tenants like Gordmans, Burkes Outlet, Ruler Foods, JOANN Fabrics and Crafts, Aarons and several others.

Arby's is an American fast food sandwich restaurant chain with more than 3,470 locations system wide, and is ranked as the 3rd largest chain based on revenue. Arby's is a subsidiary of Inspire Brands, which was previously referred to as Arby's Restaurant Group (ARG) until the company was renamed in February 2018 upon taking over ownership of Buffalo Wild Wings.

Investment Highlights

  • New 20-Year Lease Signed in 2019 | 19.75 Years Remaining
  • Absolute Net Lease with Zero Landlord Responsibilities
  • Rare Rent Increases Every 5 Years in Base Term
  • Situated Next to McDonalds, Wendys, Long John Silvers, Popeyes & Dominos Pizza
  • 2020 Full Remodel to Arby's Prototype Scheduled
  • 11+ Year Operating History at this Location

Exclusively Listed By

Listing Price: $1,900,000

Cap Rate
6.00%
Tenant Name
Arby's
Years Remaining On Lease
18.9
Gross SF
3,076
Guarantor
Franchisee Guarantee
Rentable SF
3,076
Price/Gross SF
$617.69
Lease Type
Absolute Net
Rent Per Square Feet
$37.06

Investment Highlights

  • New 20-Year Lease Signed in 2019 | 19.75 Years Remaining
  • Absolute Net Lease with Zero Landlord Responsibilities
  • Rare Rent Increases Every 5 Years in Base Term
  • Situated Next to McDonalds, Wendys, Long John Silvers, Popeyes & Dominos Pizza
  • 2020 Full Remodel to Arby's Prototype Scheduled
  • 11+ Year Operating History at this Location

Investment Overview

Marcus & Millichap is pleased to exclusively present for your acquisition review the net leased Arby's located in Glasgow, Kentucky.

The 3,076 square foot building was originally built-to-suit in 2008 and received a complete renovation in 2020 to the Arby's prototype. Arby's has successfully operated at this location for more than 11 years, and made a considerable investment paying for the remodel, illustrating their commitment to this site. The franchisee signed an original 10-year lease commencing December 1, 2008, and elected to negotiate a new 20-year lease alongside the renovation. The new lease expiration is set for December 31, 2039 leaving more than 19 years of lease term remaining. The lease is classified as absolute net, with the landlord having zero responsibilities and the tenant being responsible for all common area maintenance, taxes and insurance expenses as well as the roof, structure and HVAC. There are rare rent increases every 5 years throughout the entirety of the base lease term, providing a prefect hedge against future inflation.

Arby's is strategically positioned in the heart of Glasgow, surrounded by national retailers that act as both economic and traffic drivers to the area. Arby's is immediately surrounded by Wendys, McDonalds, Popeyes, Long John Silvers, Dominos Pizza, Little Caesars Pizza and both a Germain American Bank branch and a U.S. Bank branch. Arby's sits adjacent to the Barren River Plaza, which is anchored by tenants like Gordmans, Burkes Outlet, Ruler Foods, JOANN Fabrics and Crafts, Aarons and several others.

Arby's is an American fast food sandwich restaurant chain with more than 3,470 locations system wide, and is ranked as the 3rd largest chain based on revenue. Arby's is a subsidiary of Inspire Brands, which was previously referred to as Arby's Restaurant Group (ARG) until the company was renamed in February 2018 upon taking over ownership of Buffalo Wild Wings.

Exclusively Listed By

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