Restaurant

Arby's

12940 Albemarle Rd, Mint Hill, NC 28227

Listing Price: $3,236,364

Cap Rate
5.50%
Tenant Name
Arby's
Years Remaining On Lease
19.90
Guarantor
Franchisee Guarantee
Rentable SF
2,400
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$74.17

Investment Overview

The Brumit Restaurant Group, founded by Joe Brumit, operates Arby’s restaurants in North and South Carolina. Joe Brumit started as a franchisee in 1988 with 13 Arby’s in western North Carolina. Since then Joe has brought on two partners, JoAnn Yoder, COO, who has worked with Brumit since 1989 and Greg Catevenis, CFO, since 2008. Together with a very talented team of people, the company now operates 59 Arby’s restaurants across North and South Carolina.

Investment Highlights

  • BRAND NEW 20-YEAR NNN LEASE
  • 8% RENT INCREASES EVERY FIVE YEARS
  • NEW CONSTRUCTION AT 1.3 ACRE SIGNALED CORNER (31K VPD)

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

Listing Price: $3,236,364

Cap Rate
5.50%
Tenant Name
Arby's
Years Remaining On Lease
19.90
Guarantor
Franchisee Guarantee
Rentable SF
2,400
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$74.17

Investment Highlights

  • BRAND NEW 20-YEAR NNN LEASE
  • 8% RENT INCREASES EVERY FIVE YEARS
  • NEW CONSTRUCTION AT 1.3 ACRE SIGNALED CORNER (31K VPD)

Investment Overview

The Brumit Restaurant Group, founded by Joe Brumit, operates Arby’s restaurants in North and South Carolina. Joe Brumit started as a franchisee in 1988 with 13 Arby’s in western North Carolina. Since then Joe has brought on two partners, JoAnn Yoder, COO, who has worked with Brumit since 1989 and Greg Catevenis, CFO, since 2008. Together with a very talented team of people, the company now operates 59 Arby’s restaurants across North and South Carolina.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

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