Arby's | Corporate Absolute NNN Lease

Description:

The property is occupied by Arby's, a subsidiary of Inspire Brands, since opening for business in 2005. The restaurant property is located at 105 River Square Plaza, Hueytown, Jefferson County, AL 35023. The subject property consists of approximately 3,080 square foot single, one-story, fast-food building with a drive-through area. The land is 0.733± acre, or 31,920± square feet. The tenant, RTM Alabama, LLC remodeled the property and began their occupancy in 2005. In June 2005 they executed a 10 year absolute NNN lease as a corporate sale/leaseback. In June 2015, RTM communicated that this Arby's is a strong performing location and exercised their first and second option renewal periods; further extending the lease another 10 years. Recently, RTM has exercised another 5 year option which begins January 1, 2026, demonstrating their long-term commitment to this location. The lease features 5% rental increases every five years throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities.

River Square Plaza is across the street from the Arby's. The River Square Plaza is a 89,115 s.f. retail center on 10.5 acres, anchored by a Piggly Wiggly Supermarket and Dollar Tree. River Square Plaza Shopping Center stands out as a vibrant hub in Hueytown, Alabama, offering an impressive variety of shopping options and services that cater to diverse needs. Customers have praised its visually appealing layout and convenient parking, making it an accessible destination for quick errands or leisurely shopping trips. Immediately nearby, the food competitors are McDonalds, Taco Bell, Captain D’s, KFC, Big Doon’s BBQ, Sportsman’s Bar & Grill, Sonic, Wendy’s, Pizza Hut, Burger King, Zaxby’s, El Pollo Loco, Tropical Smoothie, Uncle Sam’s BBQ, Huddle House, and Purple Onion Deli & Grill.

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