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Arby's (Corp. - Just Remodeled & Lease Ext.) 966 Gilbert Ferry Rd

3,045 SF Retail Building Attalla, AL 35954 £1,744,342 (£573/SF) 5.40% Net Initial Yield

Investment Highlights

  • Absolute NNN Lease with Corporate Guarantee from Arby's Restaurant Group - Arby's Just Agreed to Extend the Lease an Additional 10 Years Through April
  • Extremely Strong Store Sales and Very Healthy Rent/Sales Ratio (See Agent for Details)
  • Placer.ai Ranks This Restaurant In the 94th Percentile Nationally (179th Out of 3,117)
  • Full Remodel in 2024 at Cost of More than $600,000
  • Hard Corner, Signalized Intersection Location Directly Across from Walmart

Executive Summary

Marcus & Millichap is proud to offer for sale the Arby’s fast-food restaurant located in Attala, Alabama at 966 Gilbert Ferry Road Southeast. The site operates under an Absolute Triple Net (tenant is responsible for all repairs and maintenance) lease that is corporate guaranteed by Arby’s which is headquartered in Atlanta, Georgia. The 20-year lease was originally signed in 2006 and Arby’s recently agreed to extend the lease an additional 10 years through April 2036. In 2024 Arby's completed a full remodel of the building to their latest prototype. The remodel cost was valued at more than $600,000. The lease includes 10% rent bumps every five years throughout the lease and the option periods.

Attachments

Arby's Attalla Oct 2024 Final OM Compressed

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,045 SF
Building Class
C
Year Built/Renovated
2005/2024
Price
£1,744,342
Price Per SF
£573
Net Initial Yield
5.40%
NOI
£94,214
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Land Acres
0.85 AC
Parking
30 Spaces (9.85 Spaces per 1,000 SF Leased)
Frontage
71 ft on Gilbert Ferry Rd

Amenities

  • Pylon Sign
  • Signalised Intersection
  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • Apr 2036

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 - - Triple Net Apr 2036

Links

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PROPERTY TAXES

Parcel Number 16-01-11-0-001-016.002 Improvements Assessment £69,180
Land Assessment £47,640 Total Assessment £116,819

PROPERTY TAXES

Parcel Number
16-01-11-0-001-016.002
Land Assessment
£47,640
Improvements Assessment
£69,180
Total Assessment
£116,819
(206) 826-5730

  • Listing ID: 33599493

  • Date on Market: 22/10/2024

  • Last Updated:

  • Address: 966 Gilbert Ferry Rd, Attalla, AL 35954

The Retail Property at 966 Gilbert Ferry Rd, Attalla, AL 35954 is currently available For Sale. Contact Marcus & Millichap for more information.

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© 2024 CoStar Group

Arby's (Corp. - Just Remodeled & Lease Ext.) | 966 Gilbert Ferry Rd
(206) 826-5730 x

Arby's (Corp. - Just Remodeled & Lease Ext.) | 966 Gilbert Ferry Rd

Hank Wolfer

(206) 826-5730

(206) 826-5730

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