Jonesboro, AR - Arby's & Shops

Description:

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an Arby’s master leased strip retail investment property located in Jonesboro, Arkansas. The tenant, Arby’s recently sign a brand new 20-year lease with 4 (5-year) options at the end of the escrow. Arby’s operator is growing in the Arby’s system, and currently operates 7 restaurants. Arby’s also features a drive-through, providing easy and convenient access for customers. The master lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor.

The Arby’s and Shops retail is located along E. Parker Blvd, serving as a direct on/off ramp to Interstate 555 (37,000 VPD), and connecting to the downtown area. The Arby’s and Shops retail is an out parcel to a Home Depot and adjacent pads, including Waffle House and Sonic. The asset is also near a Walmart Supercenter anchored shopping Center that features many national/credit tenants, including Dollar General, Popeyes, and Jiffy Lube, further increasing consumer traffic to the site. The subject 5-mile trade area is supported by a population of over 45,000 with an affluent average household income of over $100,000 in the immediate 1-mile radius.