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21127555
21127556

3000 Rock Island Pl, Bismarck, ND 58504

DI
CO FA.100023779
Marcus & Millichap - Denver
BB
CO FA.100065515
Marcus & Millichap - Denver
Listed by Marcus & Millichap - Denver
$2,515,000
514 days on market
Updated 51 days ago

Arby's - Absolute NNN - 20-Year Sale Leaseback

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,390
Cap Rate 5.5%
NOI $138,358
Brand/Tenant Arby's
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Lease Options 4 x 5-Year
Price per SqFt $742
Broker Co-Op Yes
Year Built 2005
Buildings 1
Acreage 1.010
Investment Type Net Lease
Sale Condition Sale for leaseback

Arby's 5.50% CAP | Adjacent to Walmart & Sam's Club

Investment highlights

BRAND NEW 20-YEAR ABSOLUTE TRIPLE NET SALE LEASEBACK

  • Zero Landlord Responsibilities

  • 10% Rental Increases Every 5 Years

  • Four Five-Year Renewal Options

HEALTHY RENT-TO-SALES RATIO OF 7.50%

  • During 2023, the subject property achieved Gross Sales of $1,844,779 during 2023

OPERATED BY THE 3RD LARGEST AND EXPANDING ARBY’S FRANCHISEE

  • AES Restaurants (Attitude Equals Success)

  • Franchisee John Wade has been in the Arby’s system since 1993 and is the current chairman of the Arby’s Franchise Association (AFA)

SIGNALIZED HARD CORNER LOCATION

  • Direct Visibility on SE corner of E Bismarck Expy and Burlington Dr. This intersection sees over 21,000 VPD

  • E Bismarck Expy is a primary route along the primary industrial corridor of Bismarck. Within a 2-mile radius of the subject property, there is 3.9M SF of industrial buildings occupied at 98.2%.

NORTH DAKOTA CAPITAL CITY LOCATION, BISMARCK

  • Bismarck is the second largest city in North Dakota, with over 73,000 residents earning an average household income of $85,470

  • Extremely low unemployment rate, 1.80%

  • Government & Health Care hub of Central North & South Dakota maintains steady workforce

ADJACENT TO WALMART & SAM’S CLUB

  • Both Walmart & Sam’s club saw a combined 4.7M visits over the last twelve months

Listing Contacts

DI
CO FA.100023779
Marcus & Millichap - Denver
BB
CO FA.100065515
Marcus & Millichap - Denver
Listed by Marcus & Millichap - Denver

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$138,358.00
$11,529.83/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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Additional Information

Name
Jon Ruzicka
License
ND 10032
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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