Skip to main content

Restaurant

Arby's - 15-Year NNN Lease

470 Cummings St, Abingdon, VA 24210

Listing Price: $2,928,762

Cap Rate
5.25%
Tenant Name
Arbico East, LLC
Gross SF
2,707
Guarantor
Franchisee Guarantee
Rentable SF
2,707
Price/Gross SF
$1,081.92
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$56.80

Investment Overview

-New 15-year NNN Lease with 1.0% annual escalations to be signed at Close of Escrow
-Strong performing location - Sales are approximately 50% higher than the average Arbys
-Top performing store for the franchisee
-Sales at this location have grown 7 of the past 8 years, five of which had double digit growth including a 10% increase from 2019 to 2020. Overall, store sales have increased 75% since 2012
-Conservative rent/sales ratio
-Strong operator. Arbico East, LLC has been a family operated franchisee since 1982. It is the only franchisee ever to win the Inspiring Smiles Award in consecutive years (2018 & 2019). This operational excellence award winner is selected by the National Franchisor annually
-Arbico East, LLC is comprised of 14 Arbys restaurants throughout the Tri-Cities area of TN and VA (Johnson City, Kingsport, and Bristol). The principals of Arbico East LLC also operate 13 McAlisters Delis in East Tennessee and Southwest VA
-Adjacent to a newly developed Food City anchored shopping center - this particular Food City ranks #1 in the state of VA (out of 19) and #3 (out of 114) in the US in traffic (placer.ai)
-Near a 40-acre, newly developed state of the art $12M +/- sports complex that will have 3 multi-purpose fields, 3 baseball fields, an amphitheater, and access to The Creeper Trail (a 35-mile multi-purpose rail trail running from Abingdon to Whitetop, VA)
-Adjacent to a Kroger/Kroger Fuel, Advance Auto, & Aarons anchored shopping center
-Less than a mile off Interstate 81 - ADT of approximately 46,000 cars/day

Investment Highlights

  • New 15-year NNN Lease with 1.0% annual escalations to be signed at Close of Escrow
  • Strong performing location
  • Top performing store for the franchisee

Exclusively Listed By

Broker of Record

  • Dawson Rinder

    Associate Regional Manager

    (804) 205-5008

    License(s) VA: 0225215181

    Virginia

Restaurant

Arby's - 15-Year NNN Lease

Listing Price: $2,928,762

Cap Rate
5.25%
Tenant Name
Arbico East, LLC
Gross SF
2,707
Guarantor
Franchisee Guarantee
Rentable SF
2,707
Price/Gross SF
$1,081.92
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$56.80

Investment Highlights

  • New 15-year NNN Lease with 1.0% annual escalations to be signed at Close of Escrow
  • Strong performing location
  • Top performing store for the franchisee

Investment Overview

-New 15-year NNN Lease with 1.0% annual escalations to be signed at Close of Escrow
-Strong performing location - Sales are approximately 50% higher than the average Arbys
-Top performing store for the franchisee
-Sales at this location have grown 7 of the past 8 years, five of which had double digit growth including a 10% increase from 2019 to 2020. Overall, store sales have increased 75% since 2012
-Conservative rent/sales ratio
-Strong operator. Arbico East, LLC has been a family operated franchisee since 1982. It is the only franchisee ever to win the Inspiring Smiles Award in consecutive years (2018 & 2019). This operational excellence award winner is selected by the National Franchisor annually
-Arbico East, LLC is comprised of 14 Arbys restaurants throughout the Tri-Cities area of TN and VA (Johnson City, Kingsport, and Bristol). The principals of Arbico East LLC also operate 13 McAlisters Delis in East Tennessee and Southwest VA
-Adjacent to a newly developed Food City anchored shopping center - this particular Food City ranks #1 in the state of VA (out of 19) and #3 (out of 114) in the US in traffic (placer.ai)
-Near a 40-acre, newly developed state of the art $12M +/- sports complex that will have 3 multi-purpose fields, 3 baseball fields, an amphitheater, and access to The Creeper Trail (a 35-mile multi-purpose rail trail running from Abingdon to Whitetop, VA)
-Adjacent to a Kroger/Kroger Fuel, Advance Auto, & Aarons anchored shopping center
-Less than a mile off Interstate 81 - ADT of approximately 46,000 cars/day

Exclusively Listed By

Broker of Record

  • Dawson Rinder

    Associate Regional Manager

    (804) 205-5008

    License(s): VA: 0225215181

    Virginia

MM Texture Background
MM Textured Background Lower