Brand-New Construction Arby’s 15-Year Ground Lease in North Olmsted, OH
44,900 Cars/Day at Signalized Intersection of Lorain/Brookpark Roads
One of Cleveland’s Top Retail Trade Areas: 5.6 Million SF of Retail @ 98% Occupancy
Relocation & Franchisee-to-Corporate Transition of Arby’s Store #4 (In Operation Since the 1960’s on Adjacent Lot)
Lease Structure Provides Ability to Depreciate Certain Site Improvements
True Abs NNN Lease with ZERO Landlord Responsibilities – Tenant Maintains All Capital Items, Pays Taxes Direct, Carries All Insurance, etc.
10% Rent Increases Every 5 Years of Primary Term & In Each Option
Infill/Affluent Demo’s: 8,753 People in 1-Mile, 165,936 in 5-Miles / $92K 3-Mile Avg. Household Income
Full Corporate Guaranty from Arby’s Restaurant Group, Inc.; Corporately-Owned RTM Operating Company, LLC Lessee Entity
High-Traffic Location Proximate to Super-Regional Mall & Major Power Centers
Arby’s “Inspire” Prototypical Structure with Double Drive-Thru; Modern All-Brick Façade
Arby’s is a Privately-Held Global QSR Chain with 3,400 Restaurants Worldwide; Founded in Ohio in 1964 with Strong Local Consumer Affinity for the Brand
Cleveland MSA – Home to a Population of Over 2 Million; Part of the Larger Cleveland-Akron-Canton CSA with a Population of 3.5 Million