This offering presents the opportunity to acquire a fee simple Arby’s property located at 5886 NY-31 in Cicero, NY. Backed by RTM Operating Company, LLC, the absolute NNN lease features zero landlord responsibilities and approximately 12 years remaining on the primary term with four 5-year renewal options. The lease includes scheduled 10% rent increases every five years, enhancing long-term income stability and NOI growth.
Strategically positioned along the NY-31 corridor with direct access to I-81 less than half a mile away, the property benefits from an average daily traffic count of 33,500 vehicles and strong national co-tenancy including McDonald’s, Dunkin’ Donuts, and Speedway. Additionally, it is located within three miles of Micron Technology’s $100 billion semiconductor megafab project, one of the largest economic developments in U.S. history. Priced at $1,777,522 with a 5.65% cap rate, this asset offers predictable cash flow and a strong tenant covenant.