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Restaurant

Arby's Sale-Leaseback | New 20-Year Absolute NNN Lease | 158-Unit Franchisee

1250 IN-32, Lebanon, IN 46052

Listing Price: $3,840,859

Cap Rate
4.50%
Tenant Name
AES Restaurant Group, LLC.
Guarantor
Franchisee Guarantee
Rentable SF
3,054
Lease Type
Absolute Net
Rent Per Square Feet
$56.59

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Arby’s restaurant located at 1250 W State Road 32, in Lebanon, IN. The site (newly renovated in 2021), consists of 3,054 total square feet of building space and sits on 0.83 acres of land. The site will be subject to a 20-year sale-leaseback with A.E.S. Starting in year one, the base rent shall be $172,839. The lease will call for 6.5% rental escalations each five year period during the base term and throughout the four, five-year renewal option periods (40-year total term). The subject property benefits from being located in a strong manufacturing corridor surrounded by national and local tenants, shopping centers and hospitality accommodations. Located on a high-way exit ramp, the subject property is surrounded with the following major tenants in the immediate area; Purity Wholesale Grocers, Camping World, Weston Foods, Menards, Kauffman engineering as well as many more. This Arby’s also benefits from its proximity to the Econo Lodge, Holiday Inn, Hampton Inn, CNH Industrial Indiana Depot, XPO Logistics, Aurora Parts Center and McKinley Packaging Facility.

Investment Highlights

  • Freshly Renovated Site in 2021 with historical following and growth.
  • Shadowing Menards, Purity Wholesale Grocers, Camping World and Weston Foods
  • Limited competition in the immediate and surrounding markets.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Restaurant

Arby's Sale-Leaseback | New 20-Year Absolute NNN Lease | 158-Unit Franchisee

Listing Price: $3,840,859

Cap Rate
4.50%
Tenant Name
AES Restaurant Group, LLC.
Guarantor
Franchisee Guarantee
Rentable SF
3,054
Lease Type
Absolute Net
Rent Per Square Feet
$56.59

Investment Highlights

  • Freshly Renovated Site in 2021 with historical following and growth.
  • Shadowing Menards, Purity Wholesale Grocers, Camping World and Weston Foods
  • Limited competition in the immediate and surrounding markets.

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Arby’s restaurant located at 1250 W State Road 32, in Lebanon, IN. The site (newly renovated in 2021), consists of 3,054 total square feet of building space and sits on 0.83 acres of land. The site will be subject to a 20-year sale-leaseback with A.E.S. Starting in year one, the base rent shall be $172,839. The lease will call for 6.5% rental escalations each five year period during the base term and throughout the four, five-year renewal option periods (40-year total term). The subject property benefits from being located in a strong manufacturing corridor surrounded by national and local tenants, shopping centers and hospitality accommodations. Located on a high-way exit ramp, the subject property is surrounded with the following major tenants in the immediate area; Purity Wholesale Grocers, Camping World, Weston Foods, Menards, Kauffman engineering as well as many more. This Arby’s also benefits from its proximity to the Econo Lodge, Holiday Inn, Hampton Inn, CNH Industrial Indiana Depot, XPO Logistics, Aurora Parts Center and McKinley Packaging Facility.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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