306 E State St, Herkimer, NY 13350

True Absolute NNN Lease

Long-term absolute triple net lease with no landlord responsibilities. Original 20-year lease term expires January 31, 2038, with approximately 12 years remaining, plus four (4) five-year renewal options. Tenant is responsible for all maintenance, taxes, insurance, and utilities.

Corporate Guarantee

Corporate store, Operated and guaranteed by RTM Operating Company, LLC, an Arby's corporate guarantee, providing investors with the security of a creditworthy guarantor.

Built-In Rental Growth

Attractive inflation hedge featuring 10% rental increases every five years throughout the remaining base term and each renewal option period.

Established Drive-Thru Location

Well-positioned 2,415 SF freestanding drive-thru restaurant. Originally constructed in 1990 and fully renovated to the new prototype in 2015.

Strong Brand & Growth Platform

Arby's is part of Inspire Brands, one of the largest restaurant companies in North America. In May 2026, Inspire Brands confidentially filed for a proposed initial public offering (IPO), reflecting continued strategic growth and market positioning.

Malchus Real Estate is pleased to present this single-tenant Arby's investment property located at 306 E State Street in Herkimer, New York. The offering consists of a 2,415-square-foot freestanding drive-thru restaurant, benefiting from a long-term Absolute NNN lease with RTM Operating Company, LLC (Arby's Corporate). The lease has approximately 12 years remaining on the original term, which expires January 31, 2038, and includes four (4) five-year renewal options, providing investors with long-term income stability and no landlord responsibilities.

Strategically positioned along E State Street (NY Route 5S), one of the area's primary commercial corridors, the property enjoys excellent visibility and accessibility with traffic counts exceeding 20,000 vehicles per day. As the county seat of Herkimer County, Herkimer serves as a regional commercial and governmental hub for the broader Mohawk Valley, drawing consumers from throughout the surrounding trade area.

The property is located near Interstate 90 (New York State Thruway), providing convenient regional access and strong consumer traffic patterns. The surrounding 10-mile trade area encompasses more than 40,000 residents with average household incomes exceeding $81,000, supporting a stable customer base for the tenant. Originally constructed in 1990 and fully renovated in 2015, the site features a well-established drive-thru operation in a proven retail location, making it an attractive opportunity for investors seeking durable cash flow backed by a nationally recognized quick-service restaurant brand.