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Corp Arby's | Early Extension | 10+ Yrs NNN 100 Speedway Dr

3,320 SF Retail Building Newark, OH 43055 $2,883,808 CAD ($869 CAD/SF) 6% Cap Rate

Investment Highlights

  • Corporately guaranteed lease from Inspire Brands which had 32,600+ restaurants and $32.5B+ in global sales in FY2023
  • Early lease extension | Arby’s just extended their lease early, bringing the total base term to over 10 years
  • Excellent visibility from State Road 16 which boasts nearly 36,570 VPD
  • Passive investment | Absolute NNN lease | Zero Landlord responsibilities
  • 1.70% annual rent increases throughout the base term and options | Great hedge against inflation | Average CAP of 6.48% over the remaining base term
  • Walking distance to the Cherry Valley Hotel | 200+ rooms

Executive Summary

• Corporately guaranteed lease from Inspire Brands which had 32,600+ restaurants and $32.5B+ in global sales in FY2023
– Inspire Brands is the 2nd largest restaurant company in the U.S.
– Operates 3,600+ Arby’s, generating $4.8B in system-wide sales
• Passive investment | Absolute NNN lease | Zero Landlord responsibilities
• Early lease extension | Arby’s just extended their lease early, bringing the total base term to over 10 years
• 1.70% annual rent increases throughout the base term and options | Great hedge against inflation | Average CAP of 6.48% over the
remaining base term, assuming purchase at List Price
• Excellent visibility from State Road 16 which boasts nearly 36,570 VPD
• Walking distance to the Cherry Valley Hotel | 200+ rooms
• Adjacent to the only gas station (Speedway) off the Thornwood Xing exit from State Road 16
• Arby’s is one of the largest quick-service restaurant chains in the world with over 3,600 locations across nine countries | Ranked #3 on QSR Magazine’s Sandwich Segment and #18 on the Top 50 QSR segment in 2022
• Ideal, brand-driven demographics | There are 46,000+ residents with an average HH income exceeding $81,500 within a 10-minutes drive

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,320 SF
Building Class
B
Year Built
2007
Price
$2,883,808 CAD
Price Per SF
$869 CAD
Cap Rate
6%
NOI
$173,024 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
1.21 AC
Parking
41 Spaces (12.35 Spaces per 1,000 SF Leased)

Amenities

  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 020-042342-00.008
  • 020-042342-00.003
Land Assessment
$243,631 CAD
Improvements Assessment
$225,961 CAD
Total Assessment
$469,593 CAD
  • Listing ID: 32656895

  • Date on Market: 2024-08-01

  • Last Updated:

  • Address: 100 Speedway Dr, Newark, OH 43055

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