Arby’s | Absolute NNN Ground Lease

Highlights:

• 20-Year absolute NNN ground lease
• New construction
• Corporate guarantee
• Excellent visibility at signalized entrance to power center (Kroger, Dick’s Sporting Goods, Field & Stream, Home Goods, WoodSpring Hotel, Starbuck’s, Popeyes and NTB Tire)
• No landlord responsibilities
• Direct access off I-64

Description:

SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively market for sale the property leased to Arby’s located at 100 Woodlake Drive in Chesapeake, Virginia

The Arby’s restaurant located at 100 Woodlake Drive is an approximately 2,586 square foot building sitting on 1.118 acre in Chesapeake, VA. The property is leased to RTM Operating Company, LLC, a division of INSPIRE which is the parent company of Arby’s, Buffalo Wild Wings, Sonic, Jimmy John’s and Rusty Taco restaurants. The lease is guaranteed by Arby’s Restaurant Group (now Inspire Brands, Inc.).

The building, built in 2019, sits at the entrance to Greenbrier Square Shopping Center, a newer power center featuring Kroger, Dick’s Sporting Goods, Home Goods, WoodSpring Suites, Starbuck’s and other localand national tenants. It has excellent access off of I-64, strong visibility and is well positioned to capture consumers who live, work and shop within a densely populated five-mile radius. A 348-unit gated apartment complex (Belmont at Greenbrier) is directly across the street

Arby’s signed a 20-year ground lease which features rent increases of 10% every five years and four 5-year options.

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