Arby's 311 14th st

Investment Highlights

Absolute Net Lease 2021 Build-to-Suit Construction 13+ Years Remaining on the Lease Zero Landlord Responsibility Original 15-Year Lease Signed in November 2021 Positioned Near Other Retail Drivers Including IGA, Dollar General, Dairy Queen, Ace Hardware & Wendy?s

Executive Summary

Marcus & Millichap is pleased to present the Arby?s in Huntingburg, Indiana.This 2,000+ square foot Arby?s location was built in 2021 and is drive-thru equipped as well. The franchisee signed an original 15-year lease in November of 2021 that is set to expire in October of 2036, leaving more than 13 years of lease term left. The lease is classified as absolute net, with the landlord having zero responsibilities and the tenant being responsible for all common area maintenance, taxes, and insurance expenses as well as the roof, structure, and HVAC. There are two rent increases included in the base term occurring every five years, as well as in the five-year renewal option offered at the end of the lease term. Arby?s is located near other retail drivers including Dairy Queen, Wendy?s, IGA, Dollar General, Ace Hardware, and more. Huntingburg is a charming community known for its historic downtown district and 4th Street that includes a number of specialty shops and unique dining establishments. One of the most popular and well-known attractions in the city League Stadium, located in southern Huntingburg. Built in 1894 and renovated in the early 1990s, this historic stadium served as home field for the Rockford Peaches in the filming of the hit motion picture ?A League of Their Own?. The stadium also starred in the HBO movie ?Soul of the Game?. The Arby?s is operated by Friends Hospitality of Huntingburg, LLC, which is managed and ran by three experienced restaurant operators, with a combined net worth of over $12 million. The three individuals operating 11 Arby?s locations and 4 Wings Etc. locations.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    2,342
• Year Built    2021
• Price    1,565,000
• Price Per SF    668
• Cap Rate    5.75
• NOI    90,000
• Percent Leased    100
• Building Height    1 Story
• Building FAR    0.18
• Land Acres    0.30 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.