Lamar, CO - Arby's

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Arby’s investment property located in Lamar, Colorado. The tenant, LVP Food Service Concept, LLC, recently signed a brand new 20-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 20-year initial term with 3% annual rental increases and 4 (5-year) options with rent being set at fair market value, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The property is currently under construction and set to open for business December 2024.

The Arby’s is located near the signalized, hard-corner intersection of Main St and Ave Colonia. Main St averages over 20,000 vehicles passing by daily and is a major retail thoroughfare serving the city of Lamar. The Arby’s is in close proximity to a 113,000+ square foot Walmart Supercenter and a 46,000+ square foot Safeway grocery store. The property is ideally situated in Lamar’s largest industrial hub. The asset is also located directly across from a McDonald’s and a Sonic. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Tractor Supply Co, Family Dollar, O’Reilly Auto Parts, NAPA Auto Parts, Scooter’s Coffee, Subway, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by a population of over 8,500 with an average household income of $71,799.