Arby's Restaurant
Arby's QSR | 5.9% CAP | 2,321 SF
Marketing description
The subject property is a freestanding Arby’s restaurant situated as a pad to a Meijer grocery anchored shopping center. Over 9 years remain on the absolute NNN lease with 10% fixed rent increases every 5 years. Other national retailers in this shopping center are Chili’s, Panda Express, White Castle and AutoZone. A Home Depot anchored center is located directly across the street, with a Hobby Lobby and Menard’s positioned within the same intersection of South Harlem Avenue & 159th Street.
Orland Park is a village located in Cook County, Illinois just 25 miles southwest of downtown Chicago. With a city population reported at 60,000 the Average Household Income within a 3-mile radius to this Arby’s is reported at $117,122.
Investment highlights
Just under 10 years remaining on absolute NNN lease
10% fixed rent increases every 5 years
Pad to a Meijer grocery anchored shopping center
High traffic count location (+/-43,000 daily car count)
Tenant’s annual base rent of $82,500 is considered “replaceable” rent
Operated by an experienced franchisee with 5 locations in the Chicago market
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