www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34396017
34396003

246 Genesee Street, Oneida, NY 13421 For Sale

JC
CA 02005095
Malchus Real Estate
Listed by Malchus Real Estate
$1,851,826
82 days on market
Updated 5 days ago

Corporate Arby's - 246 Genesee Street, Oneida, NY

Details
APN 251201 38.56-1-38.11
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,000
Cap Rate 5.75%
NOI $106,480
Occupancy 100%
Tenancy Single
Brand/Tenant Arby's
Lease Type Absolute NNN
Lease Expiration 01/31/2038
Remaining Term 11.5
Rent Bumps Yes
Lease Options 4 x 5yr
Broker Co-Op True
Class A
Year Renovated 2018
Acreage 0.850
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Sale Condition N/A

5.75% - Absolute NNN - Near Major Casino, Hospital & NY State Police Headquarters

Marketing description

  • Long-Term Absolute NNN Lease – Approximately 11.5 years remaining on a 20-year absolute triple-net lease with no landlord responsibilities.
  • Corporate Guarantee – Lease guaranteed by RTM Operating Company, LLC, Arby’s corporate guarantee, with the restaurant operated at the corporate level.
  • Built-In Rent Growth – 10% rental increases every five years throughout the base term and option periods, providing a strong hedge against inflation.
  • Inspire Brands Platform Strength – Parent company Inspire Brands recently confidentially filed for an IPO and is reportedly seeking an approximate $20 billion valuation.
  • Major Regional Demand Driver – Located near Turning Stone Resort Casino, which attracts approximately 4.5 million visitors annually and serves as one of the region’s largest tourism and employment centers.
  • National QSR Brand – Arby’s operates more than 3,400 locations nationwide and generates approximately $4.2 billion in annual systemwide sales.
  • High-Traffic Location – Positioned along Genesee Street with traffic counts exceeding 25,000 vehicles per day, providing strong visibility and accessibility.
  • Drive-Thru Asset – Features a dedicated drive-thru, a highly desirable and increasingly difficult-to-replicate QSR amenity.
  • Proven Corporate Commitment – Arby’s acquired the location in 2018 and executed a new 20-year lease, demonstrating long-term commitment to the site.
  • Extended Operating Hours – Open until midnight, capturing late-night demand and supporting strong sales performance.
  • Fee Simple Ownership – Offering includes ownership of both the land and improvements.

This offering presents an opportunity to acquire a corporate-operated Arby’s secured by a long-term absolute NNN lease with approximately 11.5 years remaining on the base term. The lease is guaranteed by RTM Operating Company, LLC, an Arby’s corporate affiliate, providing investors with the security of a corporate-backed tenancy and a truly passive ownership structure with no landlord responsibilities. Further enhancing the investment profile, the lease features 10% rental increases every five years throughout the base term and option periods, creating predictable income growth and an effective hedge against inflation.

The property benefits from the strength of the Arby’s brand, which operates more than 3,400 locations nationwide and generates approximately $4.2 billion in annual systemwide sales. Parent company Inspire Brands has reportedly confidentially filed for an IPO and is seeking an approximate $20 billion valuation, underscoring the scale and financial strength of the platform behind the brand. Demonstrating a significant long-term commitment to the location, Arby’s acquired the restaurant in 2018 and executed a new 20-year lease.

Strategically positioned along Genesee Street, a primary commercial corridor with traffic counts exceeding 25,000 vehicles per day, the property enjoys excellent visibility, accessibility, and consumer exposure. The site is further supported by its proximity to Turning Stone Resort Casino, one of the Northeast’s premier entertainment destinations, which attracts approximately 4.5 million visitors annually and serves as a major regional employment and tourism driver.

Additional investment appeal is provided by the property's dedicated drive-thru configuration, an increasingly valuable feature within the quick-service restaurant sector, and extended operating hours through midnight, allowing the restaurant to capture both daytime and late-night customer demand. The offering includes fee simple ownership of the land and improvements, providing investors with long-term control of a strategically located net-leased asset backed by a nationally recognized brand and corporate guarantor.

Listing Contacts

JC
CA 02005095
Malchus Real Estate
Listed by Malchus Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$106,480.00
$8,873.33/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Sholom Chein
License
NY10311205383
Brokerage
Brooklyn Vertical Inc
Title
Broker of Record
Brokerage Address
647 Maple Street #1 Brooklyn NY 11203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591