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Restaurant

Arby's Restaurant | Absolute Net Lease

2614 Union Lake Rd, Commerce Charter Township, MI 48382

Listing Price: $1,320,000

Cap Rate
5.00%
Tenant Name
Arby's Restaurant Group, Inc.
Years Remaining On Lease
10.1
Gross SF
2,329
Guarantor
Corporate Guarantee
Rentable SF
2,329
Price/Gross SF
$566.77
Lease Type
Absolute Net
Rent Per Square Feet
$28.34

Investment Overview

Marcus & Millichap is pleased to offer for sale this single-tenant net lease Arby’s restaurant located at 2614 Union Lake Road, in Commerce Township, Michigan. This 2,329 square foot property is situated on a 0.52-acre lot. Arby’s has 10 years remaining on the Absolute Net lease with 10 percent rental increases every five years. The tenant has five, five-year option periods to renew, each with a 10 percent increases or based on CPI. The lease is corporately guaranteed by Arby’s Restaurant Group, Inc. (S&P: BBB-) a wholly owned subsidiary of Inspire Brands with 3,472 locations in seven countries. This asset is situated in a dense retail corridor; there are over 6.4 million square feet of retail within a five-mile radius. This Arby’s is situated less than five miles from Commerce Crossing Shopping Center, a dense neighborhood center occupied by Costco, Home Depot, Target, and Michaels. Other nearby national retail includes Kroger, ACE Hardware, Walmart Supercenter, Rite Aid, among others. Arby’s is also located in close proximity to Proud Lake Recreation Area, a 4,700-acre state park, as well as many other lakes, golf courses, and a densely populated residential area. Farmington Hills, Michigan features excellent demographics, there are over 133,000 people with an average household income exceeding $118,000 within a five-mile radius.

Investment Highlights

  • Corporately Guaranteed by Arby's Restaurant Group, Inc.
  • 10 Years Remaining on the Absolute Net Lease | 10% Increases Every Five Years
  • Five, Five-Year Options with Increases
  • Nearby National Retail Includes Costco, Kroger, Home Depot, Target, Walmart Supercenter, Among Others
  • Over 6.4 Million Square Feet of Retail In a Five-Mile Radius
  • In Close Proximity to Proud Lake State Recreation Center
  • Excellent Demographics – Over 133,000 Residents with an Average Household Income Exceeding $118,000 Within a Five-Mile Radius

Exclusively Listed By

Restaurant

Arby's Restaurant | Absolute Net Lease

Listing Price: $1,320,000

Cap Rate
5.00%
Tenant Name
Arby's Restaurant Group, Inc.
Years Remaining On Lease
10.1
Gross SF
2,329
Guarantor
Corporate Guarantee
Rentable SF
2,329
Price/Gross SF
$566.77
Lease Type
Absolute Net
Rent Per Square Feet
$28.34

Investment Highlights

  • Corporately Guaranteed by Arby's Restaurant Group, Inc.
  • 10 Years Remaining on the Absolute Net Lease | 10% Increases Every Five Years
  • Five, Five-Year Options with Increases
  • Nearby National Retail Includes Costco, Kroger, Home Depot, Target, Walmart Supercenter, Among Others
  • Over 6.4 Million Square Feet of Retail In a Five-Mile Radius
  • In Close Proximity to Proud Lake State Recreation Center
  • Excellent Demographics – Over 133,000 Residents with an Average Household Income Exceeding $118,000 Within a Five-Mile Radius

Investment Overview

Marcus & Millichap is pleased to offer for sale this single-tenant net lease Arby’s restaurant located at 2614 Union Lake Road, in Commerce Township, Michigan. This 2,329 square foot property is situated on a 0.52-acre lot. Arby’s has 10 years remaining on the Absolute Net lease with 10 percent rental increases every five years. The tenant has five, five-year option periods to renew, each with a 10 percent increases or based on CPI. The lease is corporately guaranteed by Arby’s Restaurant Group, Inc. (S&P: BBB-) a wholly owned subsidiary of Inspire Brands with 3,472 locations in seven countries. This asset is situated in a dense retail corridor; there are over 6.4 million square feet of retail within a five-mile radius. This Arby’s is situated less than five miles from Commerce Crossing Shopping Center, a dense neighborhood center occupied by Costco, Home Depot, Target, and Michaels. Other nearby national retail includes Kroger, ACE Hardware, Walmart Supercenter, Rite Aid, among others. Arby’s is also located in close proximity to Proud Lake Recreation Area, a 4,700-acre state park, as well as many other lakes, golf courses, and a densely populated residential area. Farmington Hills, Michigan features excellent demographics, there are over 133,000 people with an average household income exceeding $118,000 within a five-mile radius.

Exclusively Listed By

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