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995 N Main Street - Arby's, Bluffton, IN
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995 N Main Street - Arby's
Bluffton, IN 46714-1317 - Wells County Submarket
.72 AC (31,233 SF)
For Sale Price:
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 Main Street, a main thoroughfare that runs north-south through the town. The property is on a hard corner at the busy intersection of N Main Street and East Dustman Road. Walmart and Lowe' s Home Improvement are just a half mile north of the property. Other retailers close by include Walgreens, Comfort Inn, Chrysler, Budget Inn, McDonald' s, Dairy Queen and Wendy' s.
CLICK HERE TO CONTACT THE SALES BROKER
FOR SALE CONTACTS
Marcus & Millichap, Inc.
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