Marcus & Millichap, as the exclusive agent, is pleased to offer for sale the 2,345 sf Arby's situated on a 0.62 acre parcel in the vibrant and historical city of Annapolis, MD. Annapolis is home to the U.S. Naval Academy and is infused with an affluent and dense population.
Situated along West Street, one of the main arteries in Annapolis and a direct route to the U.S. Naval Academy, West Street boast a heavy traffic count of 34,000 VPD when last surveyed in year 2017. The vehicular traffic has grown since. Sharing this busy corridor and near the subject property situates large and well known regional and national tenants with the names of Target, The Home Depot, Trader Jose's Aldi just to name a few.
Arby's A-NNN lease features over 9 years remaining on the primary term with 10% rent increase every 5 years. The Lease provides for two 5 years options to extend the lease term. Built in year 1983, it was completed remodeled in year 2024, showing commitment to the location.
The tenant, KBP Inspired, LLC, is a 117 unit Arby's Operator. Overall, KBP operates over 1,000 restaurants under brands of KFC, Taco Bell, Arby's and Sonic across 32 states and growing.
BOR - Brian C. Hosey