NNN Arby's - Store #4
For sale to qualified investors is the fee simple interest in Arby’s store #4 located in North Olmsted, Ohio. Arby’s has continuously operated a store at this location for 45+ years, a testament to both the brand and the trade area. Featuring a freestanding 1,700 SF restaurant building with drive-thru, this is a corporate store with guaranty by the parent, RTM Operating Company LLC. With net operating income of $55,000 year one, this asset offers the investor a low price point rarely seen in the NNN fast-food segment. The next five-year option rent increases to $60,500 annually bumping the initial cap rate from 7% to 7.7% in just two year’s time. Aside from the low price point, longevity of the tenancy, and corporate guaranty, the property is located in one of the most regional trade areas in Ohio. The majority of national retailers and restaurants have a presence in North Olmsted and it is not uncommon for retailers to spend years trying to find a site here.