Tenant: Arby’s | Cape Girardeau, MO
Premises: 3,550 SF
Renewal Options: 4 x 5 Years
Lease Expiration: 12/31/2028
Lease Type: Absolute NNN
Rental Increases: 7.5% Every 5 Years
Sands Investment Group is Pleased to Exclusively Offer This Recently Extended Absolute NNN Lease Investment Opportunity Located at 2134 Independence Street in Cape Girardeau, MO.
In Cooperation With: Jennifer D. Stein – JDS Real Estate Services, Inc.
MO Lic. # 2011038702 & CA Lic. #01507135
213.446.5366 | email@example.com
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Arby’s Restaurant Group, Inc. is the second largest quick-service sandwich chain in the U.S. with more than 3,472 restaurants in 7 countries. Roark Capital Group acquired the company in July 2011 and owns 81.5% of the company, with The Wendy’s Company owning the other 18.5%. In addition to its classic Roast Beef and Beef ‘n Cheddar sandwiches, Arby’s products also include deli-style Market Fresh line of sandwiches, Curly Fries and Jamocha Shakes.
Arby’s was founded in Boardman, Ohio, in July 23, 1964 by Forrest and Leroy Raffel, owners of a restaurant equipment business who believed there was a market opportunity for a fast food franchise based on a food other than hamburgers. The brothers wanted to call their restaurants “Big Tex,” but that name was already used by an Akron business. Instead, they chose the name “Arby’s,” based on R.B., the initials of Raffel Brothers. They restaurant initially served only roast beef sandwiches, potato chips and soft drinks. Today, Arby’s has international locations in four countries outside of the United States: Canada, Turkey, United Arab Emirates and Qatar. RTM is the largest operator of Arby’s restaurants, with more than 780 franchised stores.