Arby’s recently exercised an option early showing their commitment to the location. there are 4_(5) year options each with increases. The next rental increase is January 2019. The lease is guaranteed by US Beef. US Beef Corporation has locations primarily in the Midwest and Western states, with over 320 Arby’ s restaurants and 6 Taco Bueno restaurants (Tex-Mex QSR) in NW Arkansas.
The subject property sits off of Highway K with traffic counts of 32,500 VPD passing the site. There are many national tenants in the area including: McDonald’s, Starbucks, Walgreens, QT, Denny’s Cracker Barrel, Shap n Save, Jimmy Johns, Jiffy Lube, Culvers, and more.
- Price: $1,115,000
- Cap rate: 6.00%
- Net Operating Income: $66,900
- Lease Term: 7+ Years
- Lease Type: NNN
- Lease Commenced: January 2004
- Increases: Every 5 Years
- Landlord Responsibilities: None
- Building Size (sf): 3,000
- Lot Size: .81
- Existing Loan: No
- Options: 4-(5) Year
- Guarantor: US Beef Corp.