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Worthington, MN - Arby's

$1,615,000

1663 N. Humiston Ave, Worthington, MN 56187

Active
Last Updated: 10/08/2024

5.85

Cap Rate

94,460

NOI

Details:
Cap Rate:    5.85%
NOI:    $94,460
Building Size:    3,130 sqft
Year Built:    1986
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
• The site will begin a full remodel this summer (2024)

• Arby’s is strategically located at the signalized, hard corner intersection of Ryan’s Rd and N. Humiston Ave averaging 15,400 VPD
• The site is equipped with a double drive-thru, allowing the operator to maximize efficiency and productivity
• The asset is located in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, Walgreens, Kwik Trip, Ace Hardware, Tractor Supply Co, and many more
• The site is benefits from nearby direct on/off ramp access to Interstate 90, a major thoroughfare averaging over 13,000 vehicles passing by daily

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