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Restaurant

Arby's Restaurant

340 North York St, Elmhurst, IL 60126

Listing Price: $1,790,000

Cap Rate
7.50%
Tenant Name
Arby's Restaurant
Years Remaining On Lease
4.1
Guarantor
Franchisee Guarantee
Rentable SF
2,720
Lease Type
Absolute Net
Rent Per Square Feet
$49.36

Investment Overview

Marcus & Millichap is pleased to present for sale the following single-tenant net-leased Arby's Restaurant property located at 340 North York Street in Elmhurst, Illinois. The original 20-year lease commenced in 2005 and has four-plus years remaining on the primary term with zero landlord responsibilities. The lease provides for one percent (1%) annual rent increases and four, five-year options. The subject property is located on York Street, a primary north-south thoroughfare with traffic counts exceeding 21,000 vehicles per day. In 2007 the building was demolished and completely rebuilt and paid for by the tenant, showing their commitment to the location. The building is equipped with a drive-through as well as outdoor seating. The lease is guaranteed by the Miracle Restaurant Group, a Louisiana-based capital group that owns and operates over 25 Arby's locations throughout five states. Arby’s is the second-largest quick-service fast-food sandwich restaurant chain in America in terms of units with more than 3,400 restaurants. Arby’s has reported 22 consecutive quarters of same-store sales growth and $3.8 billion in annual sales volume

Investment Highlights

  • Absolute NNN Lease-Zero Landlord Responsibilities
  • In 2007 The Building was Demolished and Completely Rebuilt and Paid for by The Tenant
  • 1% Annual Rental Increases
  • Drive-Thru Location with Outdoor Patio Seating Available
  • 20 Year Lease with 4 Plus Years Remaining in Base Term
  • The Average Household Income Within a One-Mile Radius of $155,862
  • Over 116,000 People Within a 3 Mile Radius
  • Lease Guaranteed by Miracle Restaurant Group - Operator of 25 Stores in 5 States

Exclusively Listed By

Listing Price: $1,790,000

Cap Rate
7.50%
Tenant Name
Arby's Restaurant
Years Remaining On Lease
4.1
Guarantor
Franchisee Guarantee
Rentable SF
2,720
Lease Type
Absolute Net
Rent Per Square Feet
$49.36

Investment Highlights

  • Absolute NNN Lease-Zero Landlord Responsibilities
  • In 2007 The Building was Demolished and Completely Rebuilt and Paid for by The Tenant
  • 1% Annual Rental Increases
  • Drive-Thru Location with Outdoor Patio Seating Available
  • 20 Year Lease with 4 Plus Years Remaining in Base Term
  • The Average Household Income Within a One-Mile Radius of $155,862
  • Over 116,000 People Within a 3 Mile Radius
  • Lease Guaranteed by Miracle Restaurant Group - Operator of 25 Stores in 5 States

Investment Overview

Marcus & Millichap is pleased to present for sale the following single-tenant net-leased Arby's Restaurant property located at 340 North York Street in Elmhurst, Illinois. The original 20-year lease commenced in 2005 and has four-plus years remaining on the primary term with zero landlord responsibilities. The lease provides for one percent (1%) annual rent increases and four, five-year options. The subject property is located on York Street, a primary north-south thoroughfare with traffic counts exceeding 21,000 vehicles per day. In 2007 the building was demolished and completely rebuilt and paid for by the tenant, showing their commitment to the location. The building is equipped with a drive-through as well as outdoor seating. The lease is guaranteed by the Miracle Restaurant Group, a Louisiana-based capital group that owns and operates over 25 Arby's locations throughout five states. Arby’s is the second-largest quick-service fast-food sandwich restaurant chain in America in terms of units with more than 3,400 restaurants. Arby’s has reported 22 consecutive quarters of same-store sales growth and $3.8 billion in annual sales volume

Exclusively Listed By

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