Restaurant

Arby's

Listing Price: $3,200,000

Cap Rate
4.13%
Tenant Name
Arby's
Years Remaining On Lease
14.50
Guarantor
Franchisee Guarantee
Rentable SF
1,793
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$73.62

Investment Overview

Marcus & Millichap is pleased to present for sale a single tenant Arby’s, located at 3777 Midway Drive in San Diego, California. Arby’s has successfully operated at this location for over fifteen years, and recently signed a brand new 15 year absolute triple net lease in April 2020 with three 5 year options and eight percent increases every five years. The lease is backed by a 30 unit Arby’s franchisee, and also has a personal guarantee in place for five years from the commencement of the lease. Strategically located on a signalized corner, less than a mile from the 8 Freeway, Arby’s is ideally located in the affluent Point Loma sub-market of San Diego, a dense and affluent highly-amenities sub-market known as one of the strongest locations throughout San Diego. Centrally located in the heart of the Midway District, the subject property is within close proximity to Sea World, the Pechanga Arena of San Diego, University of San Diego, as well as a plethora of high-end national retailers, restaurants, banks, grocers, pharmacies, and hotels. The 1,793 square foot building is situated on 12,095 square feet of land and benefits from high daily traffic counts north of 20,000 vehicles per day.. Lodging options within half mile radius include the Wyndham, Holiday Inn, Heritage Inn, Bay inn, and Green World Inn. Arby’s benefits from close proximity to dense single family residential and nearby freeway access to the I-8. The subject property benefits from a dense and affluent local demographic, with a three mile population in excess of 113,289 and an average household income of over $91,000 within one mile and over $109,000 within three miles. Beyond local density, the location sees frequent tourist and visitor traffic. 3777 Midway Drive creates a unique and rare opportunity to purchase a single tenant net leased asset in Southern California’s fast growing residential community of San Diego. The Midway District provides strong daytime vehicle activity as well as nightlife activity from nearby venues such as the Pechango Arena, which seats 12,000 for indoor football, 12,920 for ice hockey and box lacrosse, 14,500 for basketball and tennis, 5,450 for amphitheater concerts and stage shows, 8,900–14,800 for arena concerts, 13,000 for ice shows and the circus, and 16,100 for boxing and mixed martial arts. Arby’s Inc. is a leading global fast-food restaurant chain founded in 1964 with more than 3,500 restaurants worldwide. They currently have franchises in 48 states and 8 countries, and are headquartered in Atlanta Georgia. Annual total sales for 2019 equal 3.9 Billion. They are currently ranked as the third highest sandwich chain in sales.

Investment Highlights

  • EXCELLENT SAN DIEGO LOCATION
  • STRONG IMMEDIATE DEMOGRAPHICS & POPULATION DENSITY
  • STABLE AND SECURE INCOME STREAM WITH STRONG GUARANTEE

Exclusively Listed By

Listing Price: $3,200,000

Cap Rate
4.13%
Tenant Name
Arby's
Years Remaining On Lease
14.50
Guarantor
Franchisee Guarantee
Rentable SF
1,793
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$73.62

Investment Highlights

  • EXCELLENT SAN DIEGO LOCATION
  • STRONG IMMEDIATE DEMOGRAPHICS & POPULATION DENSITY
  • STABLE AND SECURE INCOME STREAM WITH STRONG GUARANTEE

Investment Overview

Marcus & Millichap is pleased to present for sale a single tenant Arby’s, located at 3777 Midway Drive in San Diego, California. Arby’s has successfully operated at this location for over fifteen years, and recently signed a brand new 15 year absolute triple net lease in April 2020 with three 5 year options and eight percent increases every five years. The lease is backed by a 30 unit Arby’s franchisee, and also has a personal guarantee in place for five years from the commencement of the lease. Strategically located on a signalized corner, less than a mile from the 8 Freeway, Arby’s is ideally located in the affluent Point Loma sub-market of San Diego, a dense and affluent highly-amenities sub-market known as one of the strongest locations throughout San Diego. Centrally located in the heart of the Midway District, the subject property is within close proximity to Sea World, the Pechanga Arena of San Diego, University of San Diego, as well as a plethora of high-end national retailers, restaurants, banks, grocers, pharmacies, and hotels. The 1,793 square foot building is situated on 12,095 square feet of land and benefits from high daily traffic counts north of 20,000 vehicles per day.. Lodging options within half mile radius include the Wyndham, Holiday Inn, Heritage Inn, Bay inn, and Green World Inn. Arby’s benefits from close proximity to dense single family residential and nearby freeway access to the I-8. The subject property benefits from a dense and affluent local demographic, with a three mile population in excess of 113,289 and an average household income of over $91,000 within one mile and over $109,000 within three miles. Beyond local density, the location sees frequent tourist and visitor traffic. 3777 Midway Drive creates a unique and rare opportunity to purchase a single tenant net leased asset in Southern California’s fast growing residential community of San Diego. The Midway District provides strong daytime vehicle activity as well as nightlife activity from nearby venues such as the Pechango Arena, which seats 12,000 for indoor football, 12,920 for ice hockey and box lacrosse, 14,500 for basketball and tennis, 5,450 for amphitheater concerts and stage shows, 8,900–14,800 for arena concerts, 13,000 for ice shows and the circus, and 16,100 for boxing and mixed martial arts. Arby’s Inc. is a leading global fast-food restaurant chain founded in 1964 with more than 3,500 restaurants worldwide. They currently have franchises in 48 states and 8 countries, and are headquartered in Atlanta Georgia. Annual total sales for 2019 equal 3.9 Billion. They are currently ranked as the third highest sandwich chain in sales.

Exclusively Listed By

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