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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 £1,380,750 (£318/SF) 5.52% Net Initial Yield

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
C
Year Built
1999
Price
£1,380,750
Price Per SF
£318
Net Initial Yield
5.52%
NOI
£76,217
Tenancy
Single
Number of Floors
1
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

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

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.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services 99,999 SF - Lorem Ipsum Jan 0000

Nearby Major Retailers

Huntington National Bank
Chase
Starbucks
Kowalski's Markets
Farrell's Extreme Bodyshaping
U.S. Bank
Orangetheory Fitness
Planet Fitness
Pancheros Mexican Grill
Caribou Coffee

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-029-20-11-0014
Land Assessment
£378,562
Improvements Assessment
£500,620
Total Assessment
£879,183
  • Listing ID: 27452241

  • Date on Market: 06/01/2023

  • Last Updated:

  • Address: 5990 Neal Ave N, Oak Park Heights, MN 55082

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