NOW AVAILABLE FOR SALE
Arby's Restaurant

7095 Engle Road

Middleburg Heights, Ohio 44130

Arby's

 

7095 Engle Road, Middleburg Heights, OH 44130

Offering Summary

Price:

$2,150,000

 

Cap Rate:

6.98%

 

Current Annual Rent:

$149,964.72

 

Tenant:

Arby's Restaurant Group

 

Rental Increases:

Lesser of the base rent or CPI;

Next adjustment will be effective July 1, 2018

 

Option Periods:

4, 5-year options

 

Lease Type:

NNN, Absolute Net

 

Lease Expiration Date:

December 31, 2023
 

 

Investment Highlights

Corporate Guaranty - The lease is guaranteed by Atlanta, Georgia based Roark Capital
Group whose franchise systems consist of 21 franchise brands. Roark's franchise systems generate nearly $8 billion of revenues through approximately 3,500 franchisees and 10,000 stores in 50 states and 47 countries.

Absolute Net Leased Investment - This single tenant net leased investment provides an investor with cash flow from an investment grade tenant and no management
responsibilities in a well located free-standing building.

 

Strong Tenant - The Property is 100% leased to Arby's Restaurant Group; a quick service sandwich chain with over 3,600 locations.

 

Favorable Rental Terms - Annual rental income on the Property is the lesser of the base or CPI. The next increase is on July 1, 2018.

 

Great Location - Located on Engle and Bagley Roads on a corridor with numerous hotels and restaurants, the subject property is ideally located at the I-71/Bagley Road interchange with traffic counts exceeding 100,000 vehicles per day.


FOR MORE
INFORMATION
PLEASE CONTACT:


Joseph Khouri
First Vice President
+1 216 658 6120

joseph.khouri@cbre.com

 

 

 

 

 
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