
Arby's (#2 Arby's Franchisee)
#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
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