Aberdeen, SD - Arby's
$1,613,000
1205 6th Avenue SE, Aberdeen, SD 57401
5.75
Cap Rate
92,744
NOI
Details:
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
Location

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