National Tenant with Long Historical Tenancy
As the second largest quick-service sandwich chain worldwide, this Arby's ground lease has term until April 2021.
Three Option Periods with Significant Rent Increases
The lease features 12% rent increases with each of the three 5-year renewal options.
RTM Operating Company was Arby's largest franchisee with over 700 restaurants in 21 states until it was purchased by the parent company, now ARG IHB Corp, a division of Roark Capital.
With sales over $400/SF, this Arby's has seen positive sales growth every year for the past six years.
Absolute NNN lease with zero Landlord responsibility.
Situated in a high growth, high income area where the average household income within three miles is $139,786 and the average retail expenditure is $3,481 per household per month.
High Consumer Expenditure
Within 5 miles of the subject property, $276 million is project to be spend on food away from home in 2017.