Restaurant

Arby's - Dallas NC

1009 Dallas Cherryville Hwy, Dallas, NC 28034

Listing Price: $2,750,000

Cap Rate
7.15%
Tenant Name
Arby's
Years Remaining On Lease
8.7
Gross SF
2,860
Guarantor
Franchisee Guarantee
Rentable SF
2,860
Price/Gross SF
$961.54
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$68.71

Investment Overview

Marcus & Millichap is pleased to present Arby's, this absolute-net, franchisee guaranteed lease is located in Dallas, North Carolina. The original 20-year lease has over nine years remaining; commencing on October 1, 2009. The absolute-net lease has zero landlord responsibilities with eight percent rent escalations every five years. Four successive, five-year options remain with eight percent escalations.

This lease is guaranteed by Brumit Restaurant Group, Limited Liability Company (LLC). This Arby's franchisee operates more than 55 units throughout North and South
Carolina.

The subject property is a 3,500-square foot free-standing Arby's situated on a 1.6-acre lot. The property is located directly off the Highway 321 exit ramp 12 A (Highway 275 and Highway 279 E), with combined traffic counts over 67,000 vehicles per day.

Investment Highlights

  • Strong Franchisee Guarantee
  • Four, Five-Year Options Remain
  • Eight Percent Rental Escalations Every Five Years
  • Absolute Net Leased - Zero Landlord Responsibilities
  • Tenant Operates 54 Arby's Throughout North Carolina and South Carolina
  • Located just off of Highway 321

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

Listing Price: $2,750,000

Cap Rate
7.15%
Tenant Name
Arby's
Years Remaining On Lease
8.7
Gross SF
2,860
Guarantor
Franchisee Guarantee
Rentable SF
2,860
Price/Gross SF
$961.54
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$68.71

Investment Highlights

  • Strong Franchisee Guarantee
  • Four, Five-Year Options Remain
  • Eight Percent Rental Escalations Every Five Years
  • Absolute Net Leased - Zero Landlord Responsibilities
  • Tenant Operates 54 Arby's Throughout North Carolina and South Carolina
  • Located just off of Highway 321

Investment Overview

Marcus & Millichap is pleased to present Arby's, this absolute-net, franchisee guaranteed lease is located in Dallas, North Carolina. The original 20-year lease has over nine years remaining; commencing on October 1, 2009. The absolute-net lease has zero landlord responsibilities with eight percent rent escalations every five years. Four successive, five-year options remain with eight percent escalations.

This lease is guaranteed by Brumit Restaurant Group, Limited Liability Company (LLC). This Arby's franchisee operates more than 55 units throughout North and South
Carolina.

The subject property is a 3,500-square foot free-standing Arby's situated on a 1.6-acre lot. The property is located directly off the Highway 321 exit ramp 12 A (Highway 275 and Highway 279 E), with combined traffic counts over 67,000 vehicles per day.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

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