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1203 N Cass Street - Arby's, Wabash, IN

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1203 N Cass Street - Arby's

Wabash, IN 46992-1027

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:1986
Building Size:2,758 SF Land Area:1.36 AC (59,154 SF)
For Sale Price:$1,132,500 Price/SF:$410.62
Cap Rate:5.80 %

Sale Notes:
The subject property is an Absolute Triple Net Leased Arby' s restaurant with ten (10) years remaining on Corporate Guaranteed Lease. Arby' s Restaurant Group ( corporate ) purchased the operations from a franchisee in December of 2015 and signed a new 10-year lease which is a clear sign that they are committed to this site long-term. The Arby' s brand has experienced twenty (20) straight quarters of same-store sales growth including reporting a 9.6% increase in the third quarter of 2015. Arby' s is on track to remodel more than 160 locations and build 60 new restaurants in 2015,
compared to 15 in 2015 and 15 in 2013. Overall, the Arby' s brand is dominating the fast food restaurant industry in
terms of sales growth and their two-year same-store sales have increased 20%.
The subject property is located on North Cass Street, a main commercial corridor off of the heavily traveled Highway 24. Walmart, Big R Stores, Tractor Supply and Harley Davidson are just a few of the retailers located north of the property across Highway 24. Other retailers in the area surrounding the property include Kroger, McDonald' s, Arby' s, Subway, Save-A-Lot, KFC, Taco Bell and CVS Pharmacy.

Wabash, Indiana had a population was 10,666 at the 2010 census. Wabash County is located approximately eighty-five miles north east of Indianapolis, 45 miles south west of Fort Wayne, and 156 miles south east of Chicago. With Wabash' s close proximity to major cities and thoroughfares, the town is steadily growing and known as one of the best places to raise a family in Indiana.

Marcus & Millichap, Inc.
Hank Wolfer
(206) 826-5700

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