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Arby's | 9yrs Remaining Corp Abs NNN 5990 Neal Ave N

4,337 SF Retail Building Oak Park Heights, MN 55082 $2,461,200 CAD ($567 CAD/SF) 5.52% Cap Rate

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Investment Highlights

9 Years Remaining | Corporate Guaranteed |Scheduled Rental Increases | Established Brand
Nearby Walmart & Target | Retail Corridor |Strong National/Credit Tenant Presence
Direct Residential Consumer Base | Six-Figure Incomes |Strong Demographics in 5-Mile Trade Area

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Quick Access to State Highway 36 | Drive-Thru Equipped

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed, drive-thru equipped, Arby’s investment property located in Oak Park Heights, Minnesota (Minneapolis-St. Paul MSA). The tenant, Franchise Associates LLC, has 9 years years remaining in their initial lease term with 2 (5-year) options to extend. The lease features a 5% rental increase in August 2026 and 8% increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate guaranteed by RTM, Inc., a subsidiary of Arby’s Restaurant Group, Inc., and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Arby’s is the second-largest sandwich restaurant brand in the world with more than 3,400 restaurants in eight countries.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

4,337 SF

Building Class

Year Built

1999

Price

$2,461,200 CAD

Price Per SF

$567 CAD

Cap Rate

5.52%

NOI

$135,858 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.07

Land Acres

1.39 AC

Zoning

Commercial

Parking

62 Spaces (14.3 Spaces per 1,000 SF Leased)

Frontage

293 ft on Frontage Rd

Amenities

Corner Lot
Dedicated Turn Lane

Freeway Visibility
Pylon Sign

Restaurant
Signage

Drive Thru

Accommodation and Food Services
99,999 SF
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The Arby's brand purpose is Inspiring Smiles Through Delightful Experiences. Arby's delivers on its purpose by celebrating the art of Meatcraft with a variety of high-quality proteins and innovative, crave-able sides, such as Curly Fries and Jamocha shakes. Arby's Fast Crafted restaurant services feature a unique blend of quick-serve speed combined with the quality and made-for-you care of fast casual. Arby's Restaurant Group, Inc. is the franchisor of the Arby's Brand and is part of the Inspire Brands family of restaurants headquartered in Atlanta, Ga. Arby’s, founded in 1964, is the second-largest sandwich restaurant brand in the world with more than 3,500 restaurants in nine countries.