Listed by Upland Real Estate Group Inc
$1,979,520
Arby's
Details
APN 344010010
Property Type Retail
Sub Type Restaurant, QSR/Fast Food
Square Footage 3,500
Units 1
Cap Rate 6.25%
NOI $123,720
Occupancy 100%
Tenancy Single
Brand/Tenant Arby's, Franchise Associates, LLC
Lease Type NNN
Lease Term 9
Lease Expiration 01/30/2035
Remaining Term 9
Rent Bumps Yes
Lease Options Four 5-Year w/ 10% Inc.
Price per SqFt $566
Year Built 2004
Buildings 1
Lot Size (SqFt) 38,775
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/01/2025
Ground Lease No
Arby's | Albert Lea, MN | Full Remodel
Marketing description
Arby's is located in Albert Lea, MN, a central commercial corridor in the "Land Between the Lakes." The property is situated in a high-traffic retail area with demographics including an average household income of approximately $89,787 within a 3 mile radius and a population of 20,197 within a 5 mile radius. Nearby tenants include Hy-Vee Grocery, Applebee's Grill + Bar, Caribou Coffee, McDonald's, Pizza Ranch, and Kwik Trip, making it a primary destination for dining and daily services in Freeborn County.
Investment highlights
- Arby's is on a NNN lease with approximately 9 years remaining on the lease and 10% increases every 5 years.
- The lease is signed by Franchise Associates with guaranty by RTM Restaurant Group Inc., a subsidiary of its parent company, Arby's Restaurant Group, a subsidiary of Inspire Brands.
- Inspire Brands is a multi-brand restaurant company that owns and operates a diverse portfolio of well-known dining concepts, including Arby's, Buffalo Wild Wings, Dunkin', Jimmy John's, and Sonic.
- Arby's is located in Albert Lea, MN, a city located in southern Minnesota, approximately 100 miles south of Minneapolis and approximately 15 miles to the Minnesota-Iowa border.
- This property is located off of I-90 with traffic counts of 15,638 vehicles per day.
- Albert Lea sits at the intersection of Interstates 35 and 90, making it a regional transportation hub for travelers.
- 5-mile population of 20,035 and 1-mile average household income of $93,130.
- Nearby tenants include Hy-Vee, Harbor Freight, Applebee's, McDonald's, Kwik Trip, Caribou Coffee, Fast & Fresh, and more.
- Located near Hammer Sports Complex, a 40-acre sports campus featuring multiple athletic fields and facilities that host high school sports, community recreation, and regional sporting events.
Listing Contacts
Listed by Upland Real Estate Group Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$123,720.00
$10,310.00/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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