Arby's
$1,400,000
126 South Clayton Street, Lawrenceville, GA 30045
5.36
Cap Rate
75,000
NOI
Details:
Highlights:
- Corporate Guaranteed Ground Lease by RTM, a wholly owned subsidiary with over 3000+ locations
- Strong Demographics- 22,346 On Clayton Street; 76,000 Population in 3 mile radius with HHI of $83,828
- Located in the Northern Atlanta Suburbs, Atlanta ranks as the 8th largest MSA in the United States
- Arby's recently invested over $400,000 in the building to upgrade to Inspire Image
- Starbucks new location next door in (2025), demonstrates the strength of the location and rental upside
Description:
Marcus & Millichap is pleased to present 126 S Clayton St in Lawrenceville, Georgia, currently ground leased to Arby's (corporate guarantee) by RTM, a wholly owned subsidiary of Inspire Brands with over 3000 units nationwide.
The current ground lease runs to April 29, 2028 providing the investor cash flow (as a covered land play) with no landlord responsibilities through the remaining term of ground lease and significant upside when the lease expires or an early termination of lease is negotiated. Tenant has One 5 year renewal option that Landlord doesn't expect to be exercised.
Arby's has occupied this location since 1992 and recently invested over $400,000 remodeling the store to Arby's current Inspire image. Given recent developments in the market, such as Starbuck’s building next door in 2025, we believe there is significant opportunity to bring a long term tenant and generate more income from the property as a passive investor or owner user.
Documents:
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Offering Memorandum
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Location
Gallery
