3060 Bankhead Hwy Arby`s Full Brochure

ARBY’S
Corporate Lease - Absolute NNN
3060 BANKHEAD HIGHWAY, AUSTELL, GA, 30168
EXCLUSIVELY LISTED BY:
BULL REALTY, INC.
Virginia I. Wright
Office: 404.876.1640 x 134
Virginia@BullRealty.com
Bull Realty, Inc. / 14 Piedmont Center, Suite 1100 / Atlanta, Georgia
Contents
3060 Bankhead Highway | Austell, GA | 30168
Section 1
Investment Overview
Executive Summary
Property Overview
Aerial Images
Survey
Section 2
Area Overview
Location Maps
Section 3
Tenant Information
Section 4
Demographics
Section 5
Agent Profile
Any included income, expenses, cap rates, costs, return estimates, renovations, measurements, square footage,
acreage, projections, interest rates, loan terms, property condition, possible uses, zoning and other
information herein may have been provided by the seller, landlord or other outside sources and while deemed
to be reliable, may be estimated, projected, is subject to change, and/or may be limited in scope, and therefore shall not be relied upon as accurate. Any such information important to the purchaser, lessee or other
parties should be independently confirmed within an applicable due diligence period. Please do not disturb
the management, business, tenants or sellers. This offer is subject to prior change or sale without notice.
Page 2 of 12
Executive Summary
This Arby’s is located on a prime corner site that enjoys high drive-by
visibility. It is situated on an outparcel adjacent to a Family Dollar
Shopping Center, where the traffic count exceeds 60,000 cars per
day.
This corporate guaranteed store is priced at an aggressive 8.2% cap
rate, with a 7% rent increase in January 2013. Additional rent
increases are offered every 5 years, providing an average cap rate of
9.3% during the life of the initial lease term.
This established location has a history of consistent sales. The lease
is guaranteed by Arby’s Restaurant Group, Inc., which is a wholly
owned subsidiary of Wendy’s/Arby’s Group, Inc. (NYSE: WEN).
Since this is an absolute NNN lease, the tenant is responsible for all
expenses and maintenance of the property, while the investor is
assured of a long-term and safe investment.
Page 3 of 12
Property Overview
SALES
PRICE:
$914,500
ANNUAL RENT:
$75,000
CAP
8.2%
RATE:
SQUARE
FOOTAGE:
3,365
ACREAGE: +/- 42,150
SQ FT
SQ FT
LEASE TERM: 10 years (through December 2017)
OPTIONS: 2, 5 year options
LANDLORD
RESPONSIBILITY:
TENANT:
TRAFFIC
Absolute Zero
Arby’s Restaurant Group
COUNTS:
Over 60,000 cars per day!!
Term
Annual Income
Cap Rate (Average 9.3%)
Year 1-5
$75,000
8.2%
Years 6-10
$80,250
8.8%
Option One—Years 11-15
$88,275
9.7%
Option Two—Years 16-20
$97,102
10.6%
Page 4 of 12
Aerial Images
Page 5 of 12
Location Maps
Page 6 of 12
Tenant Information
I'm thinking about Arby's
Arby's Restaurant
Group
Arby’s® is the place for people hungering for a unique, better tasting alternative to traditional fast food. It’s
the favorite place for people who crave something different and better. Serving one-of-a-kind menu items,
Arby’s is well known for slow-roasted and freshly sliced roast beef sandwiches and famous Market Fresh
sandwiches, wraps and salads, made with wholesome ingredients and served with the convenience of a
drive-thru.
From day one, Arby’s Roast Beef Restaurants offered an innovative menu, offering guests something other
than hamburgers in the newly inspired quick service segment. When foodservice veterans Leroy and
Forrest Raffel opened the first Arby’s in Boardman, Ohio on July 23, 1964, customers enjoyed roast beef
sandwiches, potato chips, and Texas-sized iced teas. To name their new venture, the brothers decided on
Arby’s, which stands for R.B., the initials of the Raffel Brothers - although many suspect the R.B. stands for
roast beef.
Leroy and Forrest never looked back. They fine tuned the operation and sold the first franchise to Sam
Feldman the following year. Today, Arby’s rich heritage is comprised of several multi-generation franchise
owners. In fact, Jim Raffel, founder Leroy’s son, owns and operates three locations in Maine.
The enterprising spirit that originated with the Raffel Brothers has fueled the development of Arby’s
throughout its 41 year history. The company added an average of 50 restaurants a year in the 1970s while
simultaneously creating and perfecting timeless menu favorites, Beef ‘n Cheddar, Jamocha Shakes, Curly
Fries and Arby’s signature sauces, Arby’s BBQ sauce and Horsey Sauce®.
Arby’s continued expanding both locations and menu items during the next decade, opening restaurant
number 1,000 and introducing chicken to the menu in 1981.
In 1991, Arby’s was the first to introduce a complete Lite Menu featuring three sandwiches and four salads
under 300 calories and 94% fat free. In 1994, Arby’s banned smoking in all company-owned restaurants,
another first in the quick service segment.
In 1995, the Arby’s Foundation launched the Arby’s Charity Tour (ACT), a series of corporate golf tournaments and other fund-raising activities to benefit youth-mentoring organizations, such as Big Brothers Big
Sisters. Since then, the ACT has raised over $18 million, a testament to Arby’s commitment to make a
difference in the communities its restaurants serve.
A change in the company’s ownership set the course for menu expansion and a strengthened brand. Triarc
Companies, Inc. purchased Arby’s in 1993 and innovation quickly followed. Arby’s introduced Arby’s Market Fresh in 2001, a line of deli-style sandwiches and salads made with high quality and unique ingredients. In 2003, wraps extended the popular additions.
Following a thorough study of the brand and customer base, Arby’s introduced the “I’m Thinking Arby’s”
campaign in 2005. The ad series featured Arby’s point of difference - high quality, unique products not typically found in fast food. When you’re craving Arby’s you can’t think of anything else.
On July 25, 2005, Triarc acquired RTM Restaurant Group, Arby’s largest franchisee, and formed Arby’s
Restaurant Group, Inc., an Atlanta-based company comprised of more than 3,500 restaurants. Of those,
Arby’s Restaurant Group owns and operates more than 1,000 restaurants located in the United States. Roland Smith returned to Atlanta as President and Chief Executive Officer of Arby’s Restaurant Group in
April 2006. Smith first joined Arby’s in 1994 and served as the brand’s President and CEO from 1997 to
1999.
On September 29, 2008, Triarc Companies Inc. merged with Wendy's International, Inc. to form Wendy's/
Arby's Group, Inc. Wendy's/Arby's Group, Inc. is the third largest quick-service restaurant company in the
United States.
Page 7 of 12
Demographic Site Map
Page 8 of 12
Demographics
Page 9 of 12
Demographics
Page 10 of 12
Agent Profile
Virginia I. Wright, CCIM Bull Realty, Inc. 14 Piedmont Center, Suite 1100 3535 Piedmont Road Atlanta, GA 30305 404.876.1640, X 134 Virginia@BullRealty.com As Vice President of Retail Investments at Bull Realty, Virginia works with buyers and sellers throughout the United States to help them meet their real estate investment objectives. While her primary focus is single tenant net lease properties, her expertise extends to large shopping centers, with extensive experience in helping clients thru 1031 exchanges. Virginia attributes her success to establishing strong relationships and continually exceeding her client’s expectations. Some recent sales include: Advance Auto Parts – Dacula, GA ($1,511,000) CVS/pharmacy – Riverdale, GA ($2,632,500) Rite‐Aid Pharmacy – Lexington, NC ($2,840,000) O’Reilly Auto Parts – College Park, GA ($1,324,000) Arby’s ‐ Savannah, GA ($1,200,000) Burger King – McDonough, GA ($1,425,000). Originally from Michigan, Virginia moved to Atlanta in 1994 while working in International Sales for UPS Corporate. She holds a BA in International Business from AIU, and has gained extensive knowledge and skills from the numerous positions in sales and management, finance, communication, and marketing that she has held throughout her career. Virginia recently was awarded the prestigious CCIM designation, and is acquiring real estate licenses in several southeastern states. She is involved in various networking and professional organizations, including the Atlanta Commercial Board of Realtors (CBR), the International Council of Shopping Centers (ICSC), and the Georgia Chapter of the CCIM. Virginia has been a volunteer with the Atlanta Care Center for the past six years, is an avid reader, and enjoys cooking, golfing and spending time outdoors.
Page 11 of 12
Principal Confidentiality Agreement
This Confidentiality Agreement (“Agreement”) is made and agreed to for the benefit of the undersigned party
(“Receiving Party”), the owner of the subject property and undersigned agent for the owner, Bull Realty Incorporated
(“Broker”).
Now, therefore in consideration of the privileges granted to Receiving Party with respect to receiving certain
confidential information, and other good and valuable consideration, the Receiving Party hereby agrees to the following:
I. Confidential Information:
Receiving Party will receive confidential information regarding a property referred to as 3060 Bankhead Highway,
Austell, GA 30168. Receiving party agrees to not disclose with any person that the property may be available for sale,
or that discussions or negotiations are taking place concerning a possible purchase of the property, nor any terms, conditions, or other facts with respect to the property, including but not limited to tenant information, lease rates, lease expirations, income and expenses, and any such possible purchase, including the status thereof. The term “person” used in this
agreement shall be interpreted broadly and shall include, without limitation, any corporation, company,
partnership or individual other than parties to which Broker approves in writing. Receiving party agrees to not contact
the property owner, the management, the tenants, the lender, the vendors, the insurers, the employees or the customers of
any business at the site.
II. Acting as a Principal:
Receiving party hereby warrants that it is acting as a principal only, and not as a broker, regarding this contemplated
transaction. Receiving party acknowledges and agrees that Bull Realty, Incorporated, will be used as the sole broker or
agent in connection with the purchase or lease of the property paid by and representing the Seller. Receiving party
agrees to not be involved in any arrangement to purchase the property, in whole or part, as a lender, partner or in other
manner, unless Bull Realty, Incorporated is included as the only Real Estate Broker paid in the transaction by the
seller/landlord. Receiving party reserves the right to involve any agent, broker, attorney or other advisor in the
transaction provided said party is paid by the Purchaser and said party has agreed in writing to the confidentiality in
paragraph one of this agreement.
This Agreement shall be governed and construed in accordance with the laws of the State of Georgia.
Accepted and agreed to this
day of
, 2009.
Receiving Party
Broker
By:
By:
Name/Title:
Name/Title:
Company:
Company:
Address:
Address:
Virginia Wright
Bull Realty, Inc.
14 Piedmont Center, Suite 1100
Atlanta, GA 30305
Phone:
Phone:
Fax:
Fax:
Page 12 of 12
404.876.1640 x 134
404.876.7073