1899 dewar dr. rock springs, wy 82901 · the subject property is located at 1899 dewar rd. just off...

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1899 Dewar Dr. Rock Springs, WY 82901

Presented by: EWROV / Michael Blakeman – 415-717-7585 1737 Union 1737 Union St., San Francisco, CA. 94123

Arby’s Rock Springs, WY.

Arby’s Rock Springs Wy.

Arby’s Rock Springs , WY

INVESTMENT HIGHLIGHTS

S  * Operating in same location since 2004

S  * Just renewed 2 consecutive 5 year options over a year early indicating Tenant’s strong confidence in the location and store sales.

S  * 1% rent increase every year.

S  * Tenant is one of the largest Arby’s franchises in the US

S  * Absolute NNN – no Landlord responsibilities

S  * Over 11 years remaining!

Arby’s Rock Springs, WY

FINANCIAL SUMMARY

Price $1,500,000

Down Payment $1,500,000

Rentable SQ FT 3,234

Price / SQ FT $463.82 Cap Rate 6%

Yr. Built 2004

Lot Size 1.075 acres

Type of Ownership Fee Simple


ANNUALIZED OPPERATING DATA Annualized Rent Monthly Rent

1/1/18 - 12/31/18 $90,000.00 $7500.00 1/1/19 – 12/31/19 $90,900.00 $7575.00 1/1/20 – 12/31/20 $91,809.00 $7650.75 1/1/21 – 12/31/21 $92,727.09 $7727.25 1/1/22 – 12/31/22 $93,654.36 $7804.53 1/1/23 – 12/31/23 $94,590.90 $7882.57 1/1/24 – 12/31/24 $95,536.80 $7961.40 1/1/25 – 12/31/25 $96,492.16 $8041.01 1/1/26 – 12/31/26 $97,457.08 $8121.42 1/1/27 – 12/31/27 $98,431.65 $8202.63 1/1/28 – 12/31/28 $99,415.96 $8284.66 1/1/29 – 12/31/29 $100,410.12 $8,367.50

Arby’s, Rock Springs, WY.

Property Summary The Subject Property is an Arby’s quick service restaurant in Rock Springs, Wyoming that was built in 2004. The property sits on 1.075 acres of land and is comprised of 3,234 square feet. The Property is subject to an initial 15 year absolute NNN lease with no Landlord responsibilities. The base term expires 1/31/2019. The Tenant has agreed to exercise two of their 3 x 5 year options early which extends the lease to 1/31/2029, demonstrating the Tenant’s strong confidence in the location and performance of the Restaurant. The lease calls for 1% annual rent increases every year. The Tenant has one more 5 year option to renew which would extend the lease to 2034.


TENANT – US BEEF CORP. - The American Dream

The US Beef Story – The Story of US – is a true classic tale of the American Dream. Arby’s had been founded only 4 years earlier by the Raffel Brothers (RB/Arby’s). Yep, that’s how Arby’s got its name. But then, in 1969, and 1,000 miles to the southwest, Arby’s famous neon 10-gallon hat lit up the sky for the first time in Tulsa, Oklahoma, when restaurateur and entrepreneur, Bob Davis, one of Arby’s pioneer franchisees, opened his first restaurant. Bob and his son, Jeff, had a clear strategy. Create economy in the communities we serve and opportunity for our associates. Today, the US Beef footprint serves hungry guests across 9 contiguous Midwest and Western states, with over 350 Arby’s restaurants and 6 Taco Bueno restaurants (Tex-Mex QSR) in NW Arkansas. With aggressive expansion plans on the table, there are many chapters yet to be written in The Story of US. US Beef plans on expanding to over 400 stores by the year 2020.


Tenant Summary

Tenant Trade Name US Beef Corp Ownership Private Tenant Franchise Lease Guarantor Franchise Guarantor Lease Type NNN (triple net) Roof and Structure Tenant Responsible Lease Term 15 Years Lease commencement Date 02/05/2004 Lease Expiration Date 02/05/2019 (modified to 1/31/19) Term Remaining 11.2 Years Increases 1% Annually Options 1 x 5 Year Options


S  Census Tract 970903 S  County Fips 56037 S  ZIP+4 Code 82901-5739 S  Zoning Category Commercial S  Zoning Description Fast Food Franchise S  Size 46,827 sq ft. S  Acres 1.075 S  Range 105 S  Township 19N S  Section 34 S  Building Count 1 S  Parcel Id 0419053430002000 S  Tax Account Id 04-1905-34-3-00-020.00


S  Demographics

S  Statistic Rock Springs Wyoming National

S  Population 23,684 575,251 314,107,084

S  Population density (sq mi) 1,225 6 91

S  Median age 32.6 36.8 37.4

S  Male/Female ratio 1.1:1 1.0:1 1.0:1

S  Married (15yrs & older) 58% 60% 55%

S  Speak English 89% 93% 79%

S  Speak Spanish 9% 5% 13%


Location Highlights The subject property is located at 1899 Dewar Rd. just off of Highway I-80 in Rock Springs, WY. Daily traffic counts in front of the subject Property are strong and averages more than 30,000 vehicles per day. The area within a one-mile radius of Arby’s is comprised of many national tenants. The trade area population of 36,787. The site is close to the brand new Commerce Center that opened in 2009.


Book a hotel tonight and save withsome great deals!

(1-877-577-5766)

Car trouble mid-trip? MapQuestRoadside Assistance is here:

(1-888-461-3625)

1. 1899 Dewar Dr1899 Dewar Dr,Rock Springs, WY 82901-5739

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1899 Dewar Dr1899 Dewar Dr1899 Dewar Dr1899 Dewar Dr1899 Dewar Dr1899 Dewar Dr

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1 of 1 11/10/17, 10:47 AM


Book a hotel tonight and save withsome great deals!

(1-877-577-5766)

Car trouble mid-trip? MapQuestRoadside Assistance is here:

(1-888-461-3625)

1. 1899 Dewar Dr1899 Dewar Dr,Rock Springs, WY 82901-5739

"

1899 Dewar Dr1899 Dewar Dr1899 Dewar Dr1899 Dewar Dr1899 Dewar Dr1899 Dewar Dr

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1 of 1 11/10/17, 10:52 AM


Disclaimer

Although EWROV has obtained the information contained herein from sources it believes to be reliable, and believes the information to be correct, no representations or warranties, express or implied, are made as to the accuracy or reliability of this information. Any references to square footage, age or any other material mentioned in this package are approximate only. The recipient bears sole responsibility for verification of the accuracy of the information contained herein and bears all risk for any inaccuracies. EWROV shall have no liability or responsibility to any party for any loss or damage arising from reliance by any party on the information contained herein.

1899 dewar dr. rock springs, wy 82901 · the subject property is located at 1899 dewar rd. just off...

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