Arby's Absolute NNN Lease 20 Year Term 2834 King Ave W

2834 King Ave W , Billings, Montana, 59102 | 3,400 sq.f | $ 3,700,000

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About This Restaurant

Investment Highlights

Single-tenant investment opportunity at 5.16% cap rate with NOI of $190,929 Absolute NNN lease with no expenses to the landlord Situated in one of the largest retail destinations in U.S. on the major retail corridor next to Home Depot, Best Buy, World Market, and others The tenant is the third largest franchisee in the Arby?s system with 87 restaurants in 2023 Single national tenant at 20-year initial term with 4 options to renew and 10% escalations every 5 years The property has easy access to I-90 with great visibility and high traffic counts (27,534 DTV at King Ave and 24th St.)

Executive Summary

Announcing an absolute NNN investment opportunity occupied by a national brand Arby?s ? American fast-food sandwich restaurant chain. Food & Wine magazine called Arby?s ?America?s second largest sandwich chain (after Subway)?. The seller is AES Midwest LLC, a proud franchisee of 59 Arby?s restaurants and affiliate of AES Restaurant Group; the third largest franchisee in the Arby?s system with 87 restaurants in 2023. The subject property is located at 2834 King Ave W, Billings, Montana on the prime retail corridor. Billings is the most populous city in Montana with a population of 117,116. With one of the largest trade areas in the United States (over 500,000), Billings is the trade and distribution center for much of Montana. Billings is also the largest retail destination for much of the same area. This well-maintained 3,215 SF free standing building is a prime asset for experienced or first-time investors. The retail building offers a 5.16% cap rate with NOI of $190,929. With a single national tenant committed for 20 years initial term with 4 renewal options at 5-year each with 10% escalations every 5 years, this absolute NNN property delivers a secure, hassle-free investment. Don't miss out on the chance to secure a stable, income-generating asset with significant growth potential in one of the largest retail destinations in the U.S.

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Fast Food Fast Food General Retail Restaurant Fast Food
  • Building Size    3,400
  • Building Class    B
  • Year Built    1997
  • Price    3,700,000
  • Price Per SF    1,088
  • Cap Rate    5.16
  • NOI    190,929
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.09
  • Land Acres    0.83 AC

Nearby Amenities & Transportation

Retail IHOP
Retail Cafe Rio
Retail Famous Dave's
Retail MOOYAH Burgers, Fries & Shakes
Retail U.S. Bank
Retail Applebee's
Retail Planet Fitness
Retail Golden Corral
Retail Umpqua Bank
Retail Buffalo Wild Wings

Property Taxes

Parcel Number 03-0926-13-1-78-15-0000 03-0926-13-1-78-01-0000 Improvements Assessment $1,330,296
Land Assessment $404,063 Total Assessment $1,734,359
Date Created: 2024-07-16 04:16:22 Last Updated: 2024-07-16 04:16:22
Address: 2834 King Ave W , Billings, Montana, 59102