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Restaurant

Arby's

1510 Sandy Hollow Rd, Rockford, IL 61109

Listing Price: $1,144,000

Cap Rate
6.00%
Tenant Name
DRM, Inc. (Arby's)
Years Remaining On Lease
3.0
Gross SF
2,526
Guarantor
Franchisee Guarantee
Rentable SF
2,526
Price/Gross SF
$452.89
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.17

Investment Overview

Founders Leroy and Forrest Raffel opened their first sandwich shop in Boardman, Ohio in 1964 and by 1980 Arby’s had 1,000 locations across the United States. Sixteen years later, the company had over 3,000 restaurants. Today, the majority of the brand’s 3,400 restaurants are franchised. DRM, Inc. is a family-owned and operated company founded in 1977. DRM currently owns and operates 97 Arby’s restaurants in six Midwest states. DRM has a 25-store development agreement through November 2022 with Arby’s for the exclusive rights in the Lincoln, Des Moines, Rockford, Appleton, Green Bay, Madison, and La Crosse areas. Located in the burgeoning I-90 growth corridor, Rockford is part of the third largest economic corridor in the U.S. The city benefits from its close proximity to Chicago while also offering a low cost of doing business, high quality of life, and an abundance of available buildings and land. A growing regional center for health care, Rockford also has high-performing and world-class industry clusters in aerospace, automotive, logistics, and advanced manufacturing.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Three Years Remaining
  • 10 Percent Rental Increases Every Five Years
  • Tenant has Executed Three Lease Renewal Options, Showing Commitment to the Site
  • Franchisee Guarantee (Over 97 Units) - DRM Inc. has an Exclusive 25-Store Arby's Development Agreement Through November 2022 for Six Midwest Regions, Including Rockford
  • 124,618 Residents Within a Five-Mile Radius
  • Long Term Tenancy - 33 Year Operating History at this Location
  • Conveniently Located Off of Two Major Highways: State Highway 20 (37,200 Cars per Day) and State Route 251/11th Street (15,900 Cars per Day)
  • Two Miles from Chicago Rockford International Airport

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Listing Price: $1,144,000

Cap Rate
6.00%
Tenant Name
DRM, Inc. (Arby's)
Years Remaining On Lease
3.0
Gross SF
2,526
Guarantor
Franchisee Guarantee
Rentable SF
2,526
Price/Gross SF
$452.89
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.17

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Three Years Remaining
  • 10 Percent Rental Increases Every Five Years
  • Tenant has Executed Three Lease Renewal Options, Showing Commitment to the Site
  • Franchisee Guarantee (Over 97 Units) - DRM Inc. has an Exclusive 25-Store Arby's Development Agreement Through November 2022 for Six Midwest Regions, Including Rockford
  • 124,618 Residents Within a Five-Mile Radius
  • Long Term Tenancy - 33 Year Operating History at this Location
  • Conveniently Located Off of Two Major Highways: State Highway 20 (37,200 Cars per Day) and State Route 251/11th Street (15,900 Cars per Day)
  • Two Miles from Chicago Rockford International Airport

Investment Overview

Founders Leroy and Forrest Raffel opened their first sandwich shop in Boardman, Ohio in 1964 and by 1980 Arby’s had 1,000 locations across the United States. Sixteen years later, the company had over 3,000 restaurants. Today, the majority of the brand’s 3,400 restaurants are franchised. DRM, Inc. is a family-owned and operated company founded in 1977. DRM currently owns and operates 97 Arby’s restaurants in six Midwest states. DRM has a 25-store development agreement through November 2022 with Arby’s for the exclusive rights in the Lincoln, Des Moines, Rockford, Appleton, Green Bay, Madison, and La Crosse areas. Located in the burgeoning I-90 growth corridor, Rockford is part of the third largest economic corridor in the U.S. The city benefits from its close proximity to Chicago while also offering a low cost of doing business, high quality of life, and an abundance of available buildings and land. A growing regional center for health care, Rockford also has high-performing and world-class industry clusters in aerospace, automotive, logistics, and advanced manufacturing.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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