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3000 Rock Island PlBismarck, ND 58504
Arby's
Asset ClassRetail
Deal Size$2.52 M
Cap Rate: 5.5%Square Feet: 3,390Access Data Room
Near State Capital | Directly Adjacent to Sams Club and Walmart
overview of deal

Overview

Price: $2,515,000 | CAP: 5.50%

 

  • Building SF: 3,390
  • Land AC: 1.01
  • Year Built: 2005
  • Lease Term: 20 Years
  • Lease Type: Absolute Triple Net (NNN)
  • Lease Guarantor: AES Midwest LLC (59 Units)
Access the Data Room

Investment Highlights

BRAND NEW 20-YEAR ABSOLUTE TRIPLE-NET SALE LEASEBACK

  • Zero Landlord Responsibilities
  • 10% Rental Increases Every 5 Years
  • Four Five-Year Renewal Options

HEALTHY RENT-TO-SALES RATIO OF 7.50%

  • During 2023, the subject property achieved Gross Sales of $1,844,779 during 2023

OPERATED BY THE 3RD LARGEST AND EXPANDING ARBY’S FRANCHISEE

  • AES Restaurants (Attitude Equals Success)
  • Franchisee John Wade has been in the Arby’s system since 1993 and is the current chairman of the Arby’s Franchise Association (AFA)

SIGNALIZED HARD CORNER LOCATION

  • Direct Visibility on SE corner of E Bismarck Expy and Burlington Dr. This intersection sees over 21,000 VPD
  • E Bismarck Expy is a primary route along the primary industrial corridor of Bismarck. Within a 2-mile radius of the subject property, there is 3.9M SF of industrial buildings occupied at 98.2%.
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3000 Rock Island PlBismarck, ND 58504

Sales Team

Drew IsaacSenior Managing Director Investments(303) 328-2048drew.isaac@marcusmillichap.com
Jon RuzickaND Broker of Record

License #: 10032

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Listing provided by Revere CRE