Arby's Absolute NNN Lease 20 Year Term 1734 S Broadway

Investment Highlights

Single-tenant investment opportunity at 5.08% cap rate with NOI of $167,795 Absolute NNN lease with no expenses to the landlord Located along a prime retail corridor near several big box retailers 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% increases every 5 years and 4 renewal options The property has easy access to four-lane highway US 83 with great visibility and high traffic counts (DTV 28,287 DTV at S Broadway and 16th Ave SW N)

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 property is located in Minot, North Dakota. Three major U.S. highways run through the city, connecting it to Canada, Montana, and two interstates: US 2, US 52, and US 83. Minot is the business and shopping hub for north-central North Dakota.This well-maintained 2,706 SF freestanding building is occupied with a single national tenant on an absolute NNN lease. With a 5.08% cap rate and NOI of $167,795, this property presents a lucrative 20-year initial term and 4 options to renew with 10% escalations every 5 years. It?s ideally located along a prime retail corridor near several big box retailers: Hobby Lobby, Target, Ross, Scheels, Best Buy, Kohl's, CVS, Walgreens, Menards, The Home Depot and Walmart, as well as numerous local retailers and restaurants. Positioned along a prominent retail corridor, this property offers fantastic visibility and accessibility, making it an ideal choice for a savvy investor seeking a reliable income stream.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Restaurant Fast Food
• Building Size    2,706
• Building Class    C
• Year Built/Renovated    1980/2017
• Price    3,300,000
• Price Per SF    1,220
• Cap Rate    5.08
• NOI    167,795
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.10
• Land Acres    0.60 AC

• Drive Thru