triple net ground lease arbys for sale

5/20/2018 Triple Net Ground Lease Arbys for Sale

NET LEASED INVESTMENT OFFER

www.bouldergroup.com

Arbys (Ground Lease)

8720 Manchester RoadBrentwood, MO 63144 (St. Louis MSA)


NET LEASED INVESTMENT OFFERING


TABLE OF CONTENTS

TABLE OF CONTEN

1) Condentiality & Disclaimer

2) Executive Summary

3) Property Overview

4) Aerials

5) Site Plan

6) Maps

7) Tenant Prole

8) Demographic Comparison Report

9) Location Overview

10) Contact Information




The information contained in the following Offering Memorandum is proprietary and strictly condential. It is intende

be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other per

or entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to prov

summary, unveried information to prospective purchasers, and to establish only a preliminary level of interest in

subject property. The information contained herein is not a substitute for a thorough due diligence investigation.

Boulder Group has not made any investigation, and makes no warranty or representation. The information contai

in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Gr

has not veried, and will not verify, any of the information contained herein, nor has The Boulder Group conducted investigation regarding these matters and makes no warranty or representation whatsoever regarding the accur

or completeness of the information provided. All potential buyers must take appropriate measures to verify all of

information set forth herein.

CONFIDENTIALITY & DISCLAIMER

CONFIDENTITALITY & DISCLAIM




The Boulder Group is pleased to exclusively market for sale a single tenant net leased Arbys ground lease pro

located within the St. Louis MSA. The property is located within a strong retail corridor along Manchester Road, a pri

east-west thoroughfare. There are over ten years remaining on the Arbys ground lease that expires on Novembe

2024. The lease features 10% rental escalations every ve years. The lease is guaranteed by the largest Arbys franch

US Beef Corporation, which operates over 320 locations.

The 43,562 square foot Arbys property is located along Manchester Road, a primary east-west thoroughfare that experie

trafc counts in excess of 20,000 vehicles per day. Manchester Road runs parallel with Interstate 64 connecting the c

St. Louis with its western suburbs. The surrounding area is densely concentrated with commercial buildings providing

barriers to entry. Additionally, the property is located less than one and one-half miles from the intersection of Inter

64 and Interstate 170, which experiences trafc counts in excess of 300,000 vehicles per day. The surrounding ar

densely populated with over 107,000 people living within a three mile radius earning average annual household inco

in excess of $93,000. The Arbys is an outparcel to an Ofce Depot and Ace Hardware anchored center. The prope

located approximately one and one-half miles from the Saint Louis Galleria, a 1.2 million square foot mall that is anch

by Apple, Nordstrom, Macys, and Dillards. Additional retailers located nearby include Whole Foods, Target, Wa

Supercenter, Sams Club, Lowes, Home Depot and Schnucks.

The Arbys ground lease has over ten years remaining and features 10% rental escalations every ve years. There are

5-year renewal option periods. The lease is guaranteed by US Beef Corporation, the largest Arbys franchisee with

320 locations.

INVESTMENT HIGHLIGHTS

Located within the St. Louis MSA

Long term ground lease with over 10 years remaining

10% rental escalations every ve years

No landlord responsibilities

Recent construction (2009)

Guaranteed by US Beef Corporation, Arbys largest franchisee with over 320 locations

Located along Manchester Road, a primary east-west thoroughfarewith trafc counts in excess of 20,000 VPD

Surrounding area is densely concentrated with commercial buildingsproviding high barriers to entry

Close proximity to the Interstate 64 & Interstate 170 interchange(300,000 VPD)

Located approximately one and one-half miles from the Saint LouisGalleria, a 1.2 million square foot mall that is anchored by Apple,Nordstrom, Macys, and Dillards

EXECUTIVE SUMMARY

EXECUTIVE SUMMA




PROPERTY OVERVI

PROPERTY OVERVIEW

Price: $1,355,357

Cap Rate: 5.60%

Rent Schedule: NOI Escalation Date

$75,900

$83,496 11/14/2019

$91,872 11/14/2024 (Option 1)

$101,064 11/14/2029 (Option 2)

$111,180 11/14/2034 (Option 3)

$122,304 11/14/2039 (Option 4)

Rental Escalations: 10% Every Five Years

Renewal Options: Four 5-Year

Lease Commencement Date: November 14, 2009

Lease Expiration Date: November 13, 2024

Tenant: Arbys

Guarantor: US Beef Corporation (320 Locations)

Year Built: 2009

Lease Type: Ground Lease

Building Size: 2,812 SF

Land Acreage: 43,562 SF




AERIA

AERIALS

N

170

64

MANCHESTER

ROAD

SOUTHBRENTWOODROAD

128,000VPD

173,0

00

VPD

HANLEY INDUSTRIAL

PARK




AERIA

AERIALS

N

MANCHESTER

ROAD

SOUTHBRENTWOOD

R




SITE PLAN

SITE PL

MANCHESTER

ROAD

DRIVE-THRU

N




MAPS

MA




Arbys Restaurant Group, Inc. is the second largest quick-service sandwich chain in the U.S. with more than 3

restaurants system wide. Roark Capital Group acquired the company in July 2011 and owns 81.5% of the company

The Wendys Company owning the other 18.5%. In addition to its classic Roast Beef and Beef n Cheddar sandwi

made in store daily, Arbys is also known for its deli-style Market Fresh line of sandwiches and salads, Curly Fries

shakes. Arbys operates in 48 states throughout the United States of America and Canada, Qatar, and Turke

headquarters are in Sandy Springs, Georgia.

Website: www.arbys.com

Number of Locations: 3,400+

Headquarters: Sandy Springs, GA

Parent Company: Roark Capital Group & The Wendys Company

US Beef owns and operates over 320 Arbys famous roast beef restaurants in the eight contiguous Midwest stat

Oklahoma, Arkansas, Kansas, Illinois, Colorado, Missouri, Idaho, and Wyoming. Since the Davis family opened thei

Arbys in 1969 in Tulsa, United States Beef Corporation has expanded rapidly and is recognized and acclaimed as o

the top performing franchise restaurateurs in the industry. US Beef is headquartered in Tulsa, Oklahoma.

Website: www.usbeefcorp.com

Number of Locations: 320Headquarters: Tulsa, OK

TENANT PROFILE

TENANT PROF




DEMOGRAPHIC COMPARISON REPORT

DEMOGRAPHIC COMPARISON REPO

Population 1-mi 3-mi 5-mi

Total Population 11,883 107,060 300,260Total Households 5,329 47,432 135,263

Income

Median Household Income $61,958 $58,391 $51,578Average Household Income $86,187 $93,020 $81,207




Brentwood is a thriving community located in the heart of St. Louis County, just south o

County seat, Clayton, Missouri and one and one-half miles west of the City of St. Louis. Brentw

is just minutes from area attractions such as Forest Park, the St. Louis Science Center, th

Louis Art Museum and the world renowned St. Louis Zoo. Brentwood is also in close proximity to Interstate 170, Inter

44, and Interstate 64. As of the 2010 US Census, the city of Brentwood had a population of 8,055.

www.brentwoodmo.org

St. Louisis a city in eastern Missouri located along the Mississippi River. The St. Louis metropolitan

known as Greater St. Louis, includes the city as well nearby areas in Missouri and Illinois and is amon

20 largest metropolitan areas in the United States with a population of 2,900,605.

The economy of St. Louis relies on service, manufacturing, trade, transportation of goods, and tourism. The city is hom

several major corporations, including Express Scripts, Emerson Electric, Monsanto, Anheuser-Busch, Reinsurance G

of America, Centene, Peabody Energy, Ameren, Graybar Electric, Enterprise Rent-A-Car and Edward Jones Investmen

www.stlouis-mo.gov

LOCATION OVERVIEW

LOCATION OVERVI




CONTACT INFORMATION

CONTACT INFORMAT

666 Dundee Road, Suite 1801

Northbrook, IL 60062

Randy Blankstein

President

847.562.0003

[email protected]

Jimmy Goodman

Partner

847.562.8500

[email protected]

triple net ground lease arbys for sale

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