request_info_guest false

Aberdeen, SD - Arby's

$1,613,000

1205 6th Avenue SE, Aberdeen, SD 57401

Active
Last Updated: 11/05/2024

5.75

Cap Rate

92,744

NOI

Details:
Cap Rate:    5.75%
NOI:    $92,744
Building Size:    3,440 sqft
Description:

• The tenant recently signed a brand new 20-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to this location
• The lease features 5% rental increases every 5 years throughout the initial term
• Founded in 1964, Arby’s is among the largest QSR sandwich chains with over 3,500 operating restaurants
• Buyer benefits from no state income tax in South Dakota

• Arby’s is strategically located at the signalized, hard corner intersection of 6th Ave SE and S. Harrison St averaging 31,800 VPD
• The site is equipped with a double drive-thru, allowing the operator to maximize efficiency and productivity
• The asset benefits from close proximity to Uptown Aberdeen Mall, a 331,000 SF+ regional mall anchored by Kohl’s, Ashley Furniture, Marshalls, Harbor Freight, and many more
• The site is located in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, Target, O’Reilly Auto Parts, Autozone, Verizon and many more

Map:
Location
Gallery