Arby's 20 Year Absolute NNN Lease 251 14th St W

Investment Highlights

Single-tenant investment opportunity at 5.12% cap rate with NOI of $179,151 Absolute NNN lease with no expenses to the landlord Situated in one of the busiest retail destinations in U.S. on the major retail corridor 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 10% escalations every 5 years and 4 options to renew The property has easy access to I-94 with great visibility and high traffic counts (25,331 DTV at 14th St W and Hwy 22 N.)

Executive Summary

Golden Group Real Estate is proud to present 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 251 14th St W, Dickinson, North Dakota on the prime retail corridor. Dickinson, with a population of around 25,000, is a mid-size community with a small-town feel located in Stark County in southwest North Dakota. Located approximately 100 miles west of the capital city of Bismarck, Dickinson is the midpoint between Fargo, North Dakota and Billings, Montana.This attractive 3,131 SF freestanding building, originally built in 1996 and renovated in 2017, is occupied with a single national tenant on an absolute NNN lease. With a 5.12% cap rate and NOI of $179,151, this property presents a lucrative 20-year initial term and four options to renew with 10% escalations at 5-year intervals. Zoned CC (Community Commercial) and ideally located along a prime retail corridor, this property offers excellent visibility and accessibility, making it an ideal investment for those seeking a profitable NNN single tenant opportunity in a strong retail market.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Fast Food General Retail Restaurant Freestanding
• Building Size    3,131
• Building Class    C
• Year Built/Renovated    1996/2017
• Price    3,500,000
• Price Per SF    1,118
• Cap Rate    5.12
• NOI    179,151
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.08
• Land Acres    0.92 AC