Skip to main content

Restaurant

Arby's

5980 AL-157, Cullman, AL 35058

Listing Price: $2,467,196

Cap Rate
4.65%
Tenant Name
RTM Alabama, Inc.
Years Remaining On Lease
12.5
Gross SF
3,254
Guarantor
Corporate Guarantee
Rentable SF
3,254
Price/Gross SF
$758.20
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.26

Investment Overview

LEASE AND TENANT HIGHLIGHTS
*Corporate Arby's with nearly 13 years of term remaining
*Arby's recently extended their lease term and added an additional 12 years
*1.50% annual escalations
*Absolute NNN Lease that includes financial reporting and a 4% percentage rent clause
*Very low rent/sales ratio - sub 6.0% - sales increased over 10% the past 12 months
*Arby's is the 2nd largest sandwich restaurant brand in the world with over 3,500 restaurants in nine countries - $4.3 billion in system sales
*Arby's is part of Inspire Brands (Arby's, BWW, Dunkin', Sonic, & Jimmy Johns) - 2nd largest restaurant company in the U.S. - nearly 32,000 restaurants worldwide and over $27 billion in system sales

LOCATION HIGHLIGHTS
*Approximately a half-mile off Interstate 65 - traffic count of over 50,000 cars/day
*Across the street from a Walmart Supercenter that ranks in the 68TH percentile nationally and in Alabama in visitors (per PLACER.ai) - 1.9M +/- visitors the past 12 months
*Located in front of a 108-unit apartment complex, Holiday Inn Express, LaQuinta, Comfort Suites, and Sleep Inn
*AHI in the 1-mile radius is over $75,000
*Cullman is part of the Birmingham-Hoover MSA and the property is located less than 50 miles north of Downtown Birmingham
*Birmingham MSA consists of roughly 1.2 million residents with an expected growth of 2.2% over the next 5 years

Investment Highlights

  • Corporate Arby's with nearly 13 years of term remaining
  • Arby's recently extended their lease term and added an additional 12 years
  • 1.50% annual escalations

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Listing Price: $2,467,196

Cap Rate
4.65%
Tenant Name
RTM Alabama, Inc.
Years Remaining On Lease
12.5
Gross SF
3,254
Guarantor
Corporate Guarantee
Rentable SF
3,254
Price/Gross SF
$758.20
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.26

Investment Highlights

  • Corporate Arby's with nearly 13 years of term remaining
  • Arby's recently extended their lease term and added an additional 12 years
  • 1.50% annual escalations

Investment Overview

LEASE AND TENANT HIGHLIGHTS
*Corporate Arby's with nearly 13 years of term remaining
*Arby's recently extended their lease term and added an additional 12 years
*1.50% annual escalations
*Absolute NNN Lease that includes financial reporting and a 4% percentage rent clause
*Very low rent/sales ratio - sub 6.0% - sales increased over 10% the past 12 months
*Arby's is the 2nd largest sandwich restaurant brand in the world with over 3,500 restaurants in nine countries - $4.3 billion in system sales
*Arby's is part of Inspire Brands (Arby's, BWW, Dunkin', Sonic, & Jimmy Johns) - 2nd largest restaurant company in the U.S. - nearly 32,000 restaurants worldwide and over $27 billion in system sales

LOCATION HIGHLIGHTS
*Approximately a half-mile off Interstate 65 - traffic count of over 50,000 cars/day
*Across the street from a Walmart Supercenter that ranks in the 68TH percentile nationally and in Alabama in visitors (per PLACER.ai) - 1.9M +/- visitors the past 12 months
*Located in front of a 108-unit apartment complex, Holiday Inn Express, LaQuinta, Comfort Suites, and Sleep Inn
*AHI in the 1-mile radius is over $75,000
*Cullman is part of the Birmingham-Hoover MSA and the property is located less than 50 miles north of Downtown Birmingham
*Birmingham MSA consists of roughly 1.2 million residents with an expected growth of 2.2% over the next 5 years

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

MM Texture Background
MM Textured Background Lower