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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

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:1948
Building Size:3,735 SF Land Area:.72 AC (31,233 SF)
For Sale Price:$824,500 Price/SF:$220.75
Cap Rate:5.95 %

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 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.

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

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