triple net-ground-lease-arbys-for-sale
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NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Arby’s (Ground Lease)8720 Manchester Road
Brentwood, MO 63144 (St. Louis MSA)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
TABLE OF CONTENTS
TABLE OF CONTENTS
1) Confidentiality&Disclaimer
2) ExecutiveSummary
3) PropertyOverview
4) Aerials
5) SitePlan
6) Maps
7) TenantProfile
8) DemographicComparisonReport
9) LocationOverview
10) ContactInformation
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
TheinformationcontainedinthefollowingOfferingMemorandumisproprietaryandstrictlyconfidential.ItisintendedtobereviewedonlybythepartyreceivingitfromTheBoulderGroupandshouldnotbemadeavailabletoanyotherpersonorentitywithoutthewrittenconsentofTheBoulderGroup.ThisOfferingMemorandumhasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andtoestablishonlyapreliminarylevelofinterestinthesubjectproperty.Theinformationcontainedhereinisnotasubstituteforathoroughduediligenceinvestigation.TheBoulderGrouphasnotmadeanyinvestigation,andmakesnowarrantyorrepresentation.TheinformationcontainedinthisOfferingMemorandumhasbeenobtainedfromsourceswebelievetobereliable;however,TheBoulderGrouphasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasTheBoulderGroupconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyorcompletenessoftheinformationprovided.Allpotentialbuyersmusttakeappropriatemeasurestoverifyalloftheinformationsetforthherein.
CONFIDENTIALITY & DISCLAIMER
CONFIDENTITALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
TheBoulderGroup is pleased to exclusivelymarket for sale a single tenant net leasedArby’s ground lease propertylocatedwithintheSt.LouisMSA.ThepropertyislocatedwithinastrongretailcorridoralongManchesterRoad,aprimaryeast-west thoroughfare.Thereareover tenyearsremainingontheArby’sground leasethatexpiresonNovember14,2024.Theleasefeatures10%rentalescalationseveryfiveyears.TheleaseisguaranteedbythelargestArby’sfranchisee,USBeefCorporation,whichoperatesover320locations.
The43,562squarefootArby’spropertyislocatedalongManchesterRoad,aprimaryeast-westthoroughfarethatexperiencestrafficcountsinexcessof20,000vehiclesperday.ManchesterRoadrunsparallelwithInterstate64connectingthecityofSt.Louiswithits’westernsuburbs.Thesurroundingareaisdenselyconcentratedwithcommercialbuildingsprovidinghighbarrierstoentry.Additionally,thepropertyislocatedlessthanoneandone-halfmilesfromtheintersectionofInterstate64andInterstate170,whichexperiencestrafficcountsinexcessof300,000vehiclesperday.Thesurroundingareaisdenselypopulatedwithover107,000peoplelivingwithinathreemileradiusearningaverageannualhouseholdincomesinexcessof$93,000.TheArby’sisanoutparceltoanOfficeDepotandAceHardwareanchoredcenter.Thepropertyislocatedapproximatelyoneandone-halfmilesfromtheSaintLouisGalleria,a1.2millionsquarefootmallthatisanchoredby Apple,Nordstrom,Macy’s, andDillard’s. Additional retailers locatednearby includeWhole Foods, Target,WalmartSupercenter,Sam’sClub,Lowe’s,HomeDepotandSchnucks.
TheArby’sgroundleasehasovertenyearsremainingandfeatures10%rentalescalationseveryfiveyears.Therearefour5-yearrenewaloptionperiods.TheleaseisguaranteedbyUSBeefCorporation,thelargestArby’sfranchiseewithover320locations.
INVESTMENT HIGHLIGHTS
•LocatedwithintheSt.LouisMSA•Longtermgroundleasewithover10yearsremaining•10%rentalescalationseveryfiveyears•Nolandlordresponsibilities•Recentconstruction(2009)•GuaranteedbyUSBeefCorporation,Arby’slargestfranchiseewithover320locations•LocatedalongManchesterRoad,aprimaryeast-westthoroughfare withtrafficcountsinexcessof20,000VPD•Surroundingareaisdenselyconcentratedwithcommercialbuildings providinghighbarrierstoentry•CloseproximitytotheInterstate64&Interstate170interchange (300,000VPD)•Locatedapproximatelyoneandone-halfmilesfromtheSaintLouis Galleria,a1.2millionsquarefootmallthatisanchoredbyApple, Nordstrom,Macy’s,andDillard’s
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $1,355,357
CapRate: 5.60%
RentSchedule: NOI EscalationDate
$75,900$83,496 11/14/2019$91,872 11/14/2024(Option1)
$101,064 11/14/2029(Option2)$111,180 11/14/2034(Option3)$122,304 11/14/2039(Option4)
RentalEscalations: 10%EveryFiveYears
RenewalOptions: Four5-Year
LeaseCommencementDate: November14,2009
LeaseExpirationDate: November13,2024
Tenant: Arby’s
Guarantor: USBeefCorporation(320Locations)
YearBuilt: 2009
LeaseType: GroundLease
BuildingSize: 2,812SF
LandAcreage: 43,562SF
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
AERIALS
AERIALS
N
170
64
MAN
CHES
TER
ROAD
SOUTH BRENTWOOD ROAD
128,000 VPD17
3,00
0 VP
D
HANLEY INDUSTRIALPARK
NET LEASED INVESTMENT OFFERING
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AERIALS
AERIALS
N
MAN
CHESTER
ROAD
SOUTH BRENTWOOD ROAD
NET LEASED INVESTMENT OFFERING
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SITE PLAN
SITE PLANM
ANC
HESTER
RO
AD
DRIVE-THRU
N
NET LEASED INVESTMENT OFFERING
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MAPS
MAPS
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Arby’s Restaurant Group, Inc. is thesecond largestquick-servicesandwichchain in theU.S.withmore than3,400restaurantssystemwide.RoarkCapitalGroupacquiredthecompanyinJuly2011andowns81.5%ofthecompany,withTheWendy’sCompanyowningtheother18.5%.InadditiontoitsclassicRoastBeefandBeef‘nCheddarsandwiches,madeinstoredaily,Arby’sisalsoknownforitsdeli-styleMarketFreshlineofsandwichesandsalads,CurlyFriesandshakes. Arby’s operates in 48 states throughout the United States of America and Canada, Qatar, and Turkey. ItsheadquartersareinSandySprings,Georgia.
Website: www.arbys.comNumberofLocations: 3,400+Headquarters: SandySprings,GAParentCompany: RoarkCapitalGroup&TheWendy’sCompany
US Beef ownsandoperatesover320Arby’sfamousroastbeefrestaurantsintheeightcontiguousMidweststatesofOklahoma,Arkansas,Kansas,Illinois,Colorado,Missouri,Idaho,andWyoming.SincetheDavisfamilyopenedtheirfirstArby’sin1969inTulsa,UnitedStatesBeefCorporationhasexpandedrapidlyandisrecognizedandacclaimedasoneofthetopperformingfranchiserestaurateursintheindustry.USBeefisheadquarteredinTulsa,Oklahoma.
Website: www.usbeefcorp.comNumberofLocations: 320Headquarters: Tulsa,OK
TENANT PROFILE
TENANT PROFILE
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT
Population 1-mi 3-mi 5-mi
TotalPopulation 11,883 107,060 300,260TotalHouseholds 5,329 47,432 135,263
Income
MedianHouseholdIncome $61,958 $58,391 $51,578AverageHouseholdIncome $86,187 $93,020 $81,207
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Brentwood isa thriving community located in theheartofSt. LouisCounty, just southof theCountyseat,Clayton,Missouriandoneandone-halfmileswestoftheCityofSt.Louis.BrentwoodisjustminutesfromareaattractionssuchasForestPark,theSt.LouisScienceCenter,theSt.
LouisArtMuseumandtheworldrenownedSt.LouisZoo.BrentwoodisalsoincloseproximitytoInterstate170,Interstate44,andInterstate64.Asofthe2010USCensus,thecityofBrentwoodhadapopulationof8,055.
www.brentwoodmo.org
St. LouisisacityineasternMissourilocatedalongtheMississippiRiver.TheSt.Louismetropolitanarea,knownasGreaterSt.Louis,includesthecityaswellnearbyareasinMissouriandIllinoisandisamongthe20largestmetropolitanareasintheUnitedStateswithapopulationof2,900,605.
TheeconomyofSt.Louisreliesonservice,manufacturing,trade,transportationofgoods,andtourism.Thecityishometoseveralmajorcorporations,includingExpressScripts,EmersonElectric,Monsanto,Anheuser-Busch,ReinsuranceGroupofAmerica,Centene,PeabodyEnergy,Ameren,GraybarElectric,EnterpriseRent-A-CarandEdwardJonesInvestments.
www.stlouis-mo.gov
LOCATION OVERVIEW
LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
CONTACT INFORMATION
CONTACT INFORMATION
666DundeeRoad,Suite1801Northbrook,IL60062
Randy BlanksteinPresident847.562.0003randy@bouldergroup.com
Jimmy GoodmanPartner847.562.8500jimmy@bouldergroup.com
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