Arby's - Absolute NNN Corporate Guaranty — Sale in Allendale, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Allendale, MI 49401

Photos

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Investment Figures

Cap rate
5.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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, craveable sides, such as Curly Fries and Jamocha shakes. The Lease is guaranteed by RTM Operating Company, LLC, the wholly owned subsidiary of Inspire Brands, providing investors with established corporate tenancy from one of the nation’s leading quick-service restaurant brands. Bordered by the Grand River, Allendale is known as the home of Grand Valley State University and its adjacent Meadows Club House golf course. Located in Michigan’s Ottawa County, Allendale is home to over 27,000 residents and is part of the Grand Rapids metropolitan area. Investment Highlights: • 12 Years Remaining on a Triple-Net Lease with Corporate Arby's Guarantee • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options • Situated within the Grand Rapids MSA with Over 47,000 Residents within Five Miles • Newer 2018 Construction with a Drive-Thru • One Mile from Grand Valley State University, the Largest University in the Grand Rapids MSA with More Than 21,000 Students • Excellent Frontage Along Lake Michigan Drive (Approximately 31,400 Vehicles per Day), Allendale's Primary Thoroughfare Providing a Direct Route into Grand Rapids • Surrounded by National Retailers: ALDI, Goodwill, McDonald's, O'Reilly Auto Parts, etc. • Average Household Income Exceeds $98,000 within a Five-Mile Radius

Market Context

This food service in Allendale, MI is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Allendale, MI — view the full market.

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