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30951602
30951603

4651 W 61st Ave, Hobart, IN 46342 For Sale

NW
IN IN AB21402364
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis
$2,373,000
131 days on market
Updated 35 days ago

Arby's (#2 Arby's Franchisee)

Details
Property Type Retail
Sub Type Restaurant
Square Footage 2,440
Net Rentable (SqFt) 2,440
Units 1
Cap Rate 5.5%
NOI $130,461
Occupancy 100%
Tenancy Single
Brand/Tenant Arby's
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 05/31/2039
Remaining Term 12.9
Rent Bumps Yes
Lease Options Four, Five-Year
Price per SqFt $973
Broker Co-Op Yes
Class A
Year Renovated 2024
Buildings 1
Stories 1
Acreage 1.210
Investment Type Net Lease
Lease Commencement 04/01/2004
Occupancy Date 05/01/2004
Ground Lease No
Ownership Fee Simple

#2 Arby's Franchisee | 2024 Remodel | 13+ Years Left

Marketing description

AES Restaurant Group, LLC is the second-largest Arby’s franchisee with 344 locations in 20 states and is rapidly growing. AES was started in September of 2004, when John Wade left RTM, and purchased six units in three Indiana markets. AES continued to grow year-by-year, however their growth exploded in the last 7 years or so, making large portfolio purchases numerous times including; 56 units in 2018, 84 units in 2021, 25 units in 2023 and 26 more in 2024. AES has purchased more than 150 restaurants in 2025, with a recent acquisition of 115 stores from Inspire Brands announced in December 2025 further solidifying them as the second-largest franchisee in the Arby’s system. AES Group continues to be Arby’s fastest-growing franchisee, emphasizing providing fantastic food in a fast and friendly environment.

Investment highlights

  • 2024 FULL REMODEL TO ARBY’S PROTOTYPE

    • Tenant paid for full remodel

    • Drive-thru location with ample parking

  • NEW 15-YEAR EXTENSION COMMENCED 6/1/2024

    • Tenant’s extension and remodel are clear indicators of their success and commitment to this location

    • 13+ years remaining

  • LOCATION IS OPERATED BY 2ND LARGEST ARBY’S FRANCHISEE

    • AES Restaurant Group is the 2nd largest franchisee in the Arby’s system

    • AES operates 344 units across 20 states

    • AES announced an acquisition of 115 new locations from Inspire Brands in December 2025

  • RARE 1.00% ANNUAL RENT INCREASES

    • Increases provide hedge in a volatile inflationary environment

  • ABSOLUTE NET LEASE WITH ZERO LANDLORD RESPONSIBILITIES

    • Tenant responsible for Taxes, Common Area Maintenance, Insurance, Roof & Structure, and HVAC

  • INTERSTATE 65 EXIT LOCATION (110,200+ CARS PER DAY)

    • Adjacent to a newly built Dunkin, Wendy’s, Taco Bell & McDonald’s

    • Dense industrial and hospitality corridor providing a consistent daily customer base for a QSR restaurant

  • DENSE & AFFLUENT DEMOGRAPHICS

    • 110,155 residents within 5 miles | 1-Mile AHI: $94,553

    • 39 Miles outside of Chicago (2.664m Residents

Listing Contacts

NW
IN IN AB21402364
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$130,461.00
$10,871.75/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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Additional Information

Name
Nathan Whalen
License
IN AB21402364
Brokerage Phone
3172185329
Brokerage Address
510 East 96th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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