Tenant: Arby’s | North Vernon, IN
Premises: 3,218 SF
Renewal Options: 2 x 5 Years
Lease Expiration: 9/14/2022
Lease Type: NNN
Rental Increases: 5% of Sales Over $900,000
We Are Pleased to Offer For Sale the Arby’s Fast Food NNN Lease Investment Opportunity Located at 2080 North State Road 3 in North Vernon, Indiana. This Deal Includes a Triple Net (NNN) Lease With a Rare Percentage Rent That is Corporately Guaranteed, Providing For a Secure Investment.
Bryan Chandler – IN Lic. # RB14027408 | 317.614.9402 | email@example.com
Eclipse Real Estate, Inc. – IN Lic. # CO10400057
6402 Cornell Avenue | Indianapolis, IN 46220 | 317.614.9400 | OFFICE
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
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, on 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.
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