Arby's (Excellent Sales - 20 yr Lease) 1719 Highway 19 E

Investment Highlights

20-Year Sale-Leaseback Signed at Closing ? Franchisee (AES Restaurants) Operates 170+ Unit Arby's in 16 States AES Restaurants Owner & Founder John Wade is the Chairman of The Arby?s Franchise Association Ideally Located Along Highway 19E as a Shopping Center Outparcel Absolute NNN Lease with 10% Rental Escalations Every 5 Years Throughout the Lease AES Restaurants was named the 2019 Top Franchisee of The Year within Arby?s Corporate System Store Benefits from Strong Store Sales ? Significantly Above the National Arby?s Average

Executive Summary

Marcus & Millichap is proud to offer an exclusive listing for the Arby?s located at 1719 Highway 19E in Elizabethton, Tennessee. The site consists of 2,738 total square feet of building which sits on 0.88 acres parcel of land. The site will be subject to a 20-year sale-leaseback with AES Restaurants who operates over 170 restaurants in 16 different states. The lease will call for 10% rental escalations each five year period during the base term and throughout the four, five-year renewal option periods. The property is ideally located along Highway 19E in a strong retail corridor surrounded by national and local tenants. The property is an out-parcel to a shopping center which is home to the Elizabethton DMV, ACE Hardware and Farmer?s Home Furniture. Other national retailers in the Elizabethton driving traffic to the Arby?s include Walmart Supercenter, Lowe?s Home Improvement, Tractor Supply, Ingles Markets and Dollar General.

• Sale Type    Investment NNN
• Sale Condition    Sale Leaseback
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    2,738
• Building Class    C
• Year Built    1986
• Price    2,806,000
• Price Per SF    1,025
• Cap Rate    5.45
• NOI    152,907
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.07
• Land Acres    0.88 AC