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Restaurant

Arby's (10.5+ Years Remain)

25 S Franklin Rd, Indianapolis, IN 46219

Listing Price: $1,599,600

Cap Rate
5.90%
Tenant Name
Arby's
Years Remaining On Lease
10.4
Gross SF
2,820
Guarantor
Franchisee Guarantee
Rentable SF
2,820
Price/Gross SF
$567.23
Lease Type
Absolute Net
Rent Per Square Feet
$33.47

Investment Overview

Marcus & Millichap is proud to offer for sale the fee simple ownership in a franchisee guaranteed (Heartland Beef Inc - 39+ Units) Arby's restaurant located in Indianapolis, Indiana. The tenant currently has more than 10.5 years remaining on the initial lease term. Additionally, the lease calls for above market 10% rent increases every five years, with the next rent increase taking place in December 2021. The franchisee (Heartland Beef Inc - HBI) operates 39+ Arby's restaurants across 5 Midwest states (Indiana, Illinois, Iowa, Ohio & Missouri). HBI is based out of Bloomington, Indiana and has been in operation since 2000.

Investment Highlights

  • Strong Franchisee Guaranteed Location - Heartland Beef has Been in Operation Since 2000 with 39+ Arby's Restaurants throughout the Midwest
  • 10.5+ Years Remain on Absolute NNN Guaranteed Lease
  • Tenant has Maintain Full Rent Payments throughout COVID-19 Pandemic with Zero Rent Abatements or Rent Deferments
  • 10% Rent Increases Every 5 Years
  • 5-Mile Population in Excess of 190,000

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Restaurant

Arby's (10.5+ Years Remain)

Listing Price: $1,599,600

Cap Rate
5.90%
Tenant Name
Arby's
Years Remaining On Lease
10.4
Gross SF
2,820
Guarantor
Franchisee Guarantee
Rentable SF
2,820
Price/Gross SF
$567.23
Lease Type
Absolute Net
Rent Per Square Feet
$33.47

Investment Highlights

  • Strong Franchisee Guaranteed Location - Heartland Beef has Been in Operation Since 2000 with 39+ Arby's Restaurants throughout the Midwest
  • 10.5+ Years Remain on Absolute NNN Guaranteed Lease
  • Tenant has Maintain Full Rent Payments throughout COVID-19 Pandemic with Zero Rent Abatements or Rent Deferments
  • 10% Rent Increases Every 5 Years
  • 5-Mile Population in Excess of 190,000

Investment Overview

Marcus & Millichap is proud to offer for sale the fee simple ownership in a franchisee guaranteed (Heartland Beef Inc - 39+ Units) Arby's restaurant located in Indianapolis, Indiana. The tenant currently has more than 10.5 years remaining on the initial lease term. Additionally, the lease calls for above market 10% rent increases every five years, with the next rent increase taking place in December 2021. The franchisee (Heartland Beef Inc - HBI) operates 39+ Arby's restaurants across 5 Midwest states (Indiana, Illinois, Iowa, Ohio & Missouri). HBI is based out of Bloomington, Indiana and has been in operation since 2000.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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