table of contents arby’s · price: $2,460,000 cap rate: 6.85% gross leasable area: 3,000 price...

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Z0260569

ARBY’S

01F I N A N C I A L

O V E R V I E W

02I N V E S T M E N T

O V E R V I E W

03M A R K E T

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TABLE OF CONTENTS

Table of Contents

Financial Overview


A R B Y ’ S | F I S H E R S , I N D I A N A1 3 0 9 4 P U B L I S H E R S D R I V E

01F I N A N C I A L

O V E R V I E W

Price: $2,460,000

Cap Rate: 6.85%

Gross Leasable Area: 3,000

Price PSF: $775.00

Year Built: 2003

Lot Size: 1.12 Acres


Financial Overview | 4

ADDRESS:

13094 Publishers Drive, Fishers, IN 46038

Lease Type: Absolute Net

Roof & Structure: Tenant Responsible

Lease Term: 20 Years

Rent Commencement: October 20, 2003

Lease Expiration: October 31, 2023

Term Remaining: 5 Years

Increases: In Options

Options: Three, Five-Year

Option to Terminate:

Right of First Refusal:

Lease Summary

PRICE

$2,460,000

CAP RATE

6.85%NOI

$168,618

LEASE TYPE

Absolute NNN

ACREAGE

1.12 Acres

Demographics

1-Mile 3-Mile 5-Mile

Population 9,083 69,020 157,214

Average HH Income

$117,278 $126,045 $128,378

SQ FOOTAGE

3,000


Rent Roll | 5

Tenant Name Sq. Ft. Lease Start Lease Expiration Annual Rent Monthly RentYearly

Rent/PSF

Arby’s 3,000 10/30/2003 10/31/2023 $168,618 $14,051 $56.21

Option I 11/1/2023 10/31/2028 $188,852.02 $15,738 $62.95

Option II 11/1/2028 10/31/2033 $211,513.46 $17,626 $70.50

Option III 11/1/2033 10/31/2038 $236,895.75 $19,741 $78.97

Current Totals 3,000 $168,618 $14,051 $56.21


Tenant Overview | 6

TENANT OVERVIEWArby’s is an American quick-service fast-food

sandwich restaurant chain with more than 3,300

restaurants system wide and is ranked 3rd in the

World for quick service restaurants in terms of

revenue. In October 2017, Food & Wine called

Arby’s “America’s 2nd Largest Sandwich Chain” (after

Subway). Arby’s is owned by Inspire Brands, the

renamed Arby’s Restaurant Group, Inc. (ARG). ARG

was renamed as the company took over ownership

of Buffalo Wild Wings in February 2018. Arby’s was

founded in 1964 in Boardman, Ohio and is now

headquartered in Sandy Springs, Georgia. There are

an estimated 3,342 locations generating company

revenues in excess of $1.2 billion. Arby’s now has

more than 74,000 employees system wide.

Representative Photo

3,342LOCATIONS

HEADQUARTERED IN

Sandy Springs, GA

$1.26 BillionCOMPANY REVENUE

# OF EMPLOYEES

74,000

1964YEAR

FOUNDED

OWNERSHIP:PRIVATE

TENANT:

SUBSIDIARY OF CORPORATE

WEBSITE:

WWW.ARBYS.COM

Investment Overview



02I N V E S T M E N T

O V E R V I E W


Investment Overview | 8

INVESTMENT HIGHLIGHTS

➢ Original 20-Year Lease | 5 Years Remaining on Lease

➢ Absolute NNN Lease | Zero Landlord Responsibility

➢ Lease Guaranteed by RTM Restaurant Group – One of the Largest Arby’s Franchisees in the U.S.

➢ Positioned only 2.5 Miles from New IKEA & TopGolf

➢ 12% Rent Increases in Each of the

Three, Five-Year Renewal Options

➢ Arby’s is the Second Largest QSR Chain in the U.S. – 3,6000+ Locations

➢ Over 157,000 Residents within 5 Miles | 1-Mile Average HH Income: $117,278

Marcus & Millichap is pleased to exclusively present the fee simple

interest in this single-tenant net leased Arby’s located in Fishers,

Indiana.

The 3,000 square foot building was built-to-suit for Arby’s in 2003 and

is positioned on 1.12 acres of land along State Road 37 in the heart

of Fishers. Arby’s sits in between CVS and Dairy Queen and across

the street from an Andy Mohr Buick GMC Dealership, Walmart

Neighborhood Market store, McDonald’s, Popeyes, City Barbeque,

Which Wich and several other national credit tenants. State Road

37 is one of the major north/south thoroughfares in Indiana, and

feeds north into Noblesville from the Arby’s and south intersecting

with Interstate 69. This I-69 and SR 37 intersection is renowned for

now being the home of the brand new IKEA store and TopGolf

location across from Target. Fishers is one of the fastest growing

cities in the Midwest and was ranked the #1 Place to Live in the U.S.

in 2017 (Money Magazine).

Arby’s signed an original 20-year lease in 2003. The current lease

expiration is October 31, 2023 leaving almost 5 years left on the base

term. The lease is guaranteed by RTM, which is one of the largest

Arby’s Franchisees in the country. There are three, five-year renewal

options available, with each option having a 12 percent rent

increase providing a perfect hedge against future inflation. The

lease is absolute triple net, meaning there are zero landlord

responsibilities, with the tenant responsible for all expenses and the

roof/structure components of the building.


Property Photos | 9


Property Photos | 10

Drone Aerial | 11



Market Aerial | 12

E 126th St

E 131st St

E 141st St

42

,99

6 V

PD


Local Map | 13

2.5 MILESNew Top

Golf Facility

6 MILESIndianapolisMetro Airport

3 MILESNew

IKEA (2018)


Regional Map | 14

6 MILESNoblesville,

Indiana

23 MILESDowntownIndianapolis

9 MILESCarmel, Indiana

Market Overview



03M A R K E T

O V E R V I E W


Hamilton County | 16

The city of Carmel, located in southwestern Hamilton Countywas designated as CNN Money’s “Top Place to Live” in 2013. In2017, Niche, a website that rates communities based on datafrom the U.S. Census and FBI, named Carmel its top communityin the country. In 2018, Carmel won the same award for thesecond year in a row and Niche’s A-plus rating. Other towns likeNoblesville and Westfield have received notoriety for the quality

and standard of living and for large developments like GrandPark, a 400-acre sports campus featuring 26 baseball/softballdiamonds, 31 multipurpose fields for soccer, football, rugby andlacrosse. Since opening, the park has experienced about700,000 visitors and 1,900,000 visits on average each year. The6th largest city in Indiana, Fishers, is also nationally recognizedand known as one of the best places to live in the country aswell.

Hamilton County is an affluent county located in Indiana with

a recorded population of 274,569. Hamilton County is includedin the Indianapolis-Carmel-Anderson, IN Metropolitan StatisticalArea, which is the 34th-most populous metropolitan area in theUnited States and the largest in Indiana. Hamilton Countycurrently is home to three of the state’s 20 largest cities andtowns: Carmel (5th), Fishers (6th) and Noblesville (13th). RecentlyHamilton County surpassed St. Joseph County in population,making it the 4th most populous in the state. According the U.S.Census, the county’s population increased from an estimated182,740 in 2000 to 261,771 in 2007, making it the fastest-growingcounty in Indiana (out of 92 counties). In June 2008, HamiltonCounty was named America’s Best Place to Raise a Family byForbes.com, due to its strong economy, affordable living, top-ranked schools, and close proximity to Indianapolis.


Fishers, Indiana | 17

Fishers is a city in Fall Creek and Delaware townships, Hamilton

County, Indiana. According to Money Magazine, Fishers wasranked as the best place to live in the nation in 2017, and wasalso voted “America’s Best Affordable Suburb” by Business Weekin 2010. Fishers has experienced explosive growth since 2000, asthe population density has more than doubled. Fishers andHamilton County’s success comes from its consistent strong

economic performance, job growth (11.6% in the last 5 Years),schools, and safety. The five-mile population in 2017 was150,000 and is expected to grow to 172,500 by 2022 with anaverage household income of $127,887. Key retailers and otherbusiness are capitalizing on the attractiveness of thesedemographics, like IKEA and TopGolf (pictured below), both ofwhich just built brand new facilities in the heart of Fishers.

The anticipation for both IKEA and TopGolf was evident forseveral months for all residents of Fishers and those in surroundingtowns. This area of Fishers, where I-69 and State Road 37 meet, isa dense retail and multifamily pocket that sits just 3 miles south ofthe Zaxby’s property. I-69 provides direct and easy access to theI-465 beltway surrounding Indianapolis, while State Road 37 feedsinto Noblesville, another prominent town in the area. There is a

steady amount of new apartments being built, some with streetlevel retail and apartments/lofts, like the Depot at Nickel Plateluxury apartments (pictured above). The attractiveness of a cityvoted “Best Place to Live” and “Most Affordable”, along with theconsistent commercial, residential and business growth, allcombine to offer an incoming investor with an opportunity toacquire an income-producing property in one of the mostnationally recognized markets in the country.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015

Marcus & Millichap ACT ID Y0260267

Indianapolis, IN | 18

OVERVIEW

Indianapolis

The Indianapolis metro is situated in central Indiana and consists of 11

counties: Marion, Johnson, Hamilton, Boone, Hendricks, Morgan,

Hancock, Shelby, Brown, Putnam and Madison. The metro lacks

formidable development barriers, except for the several rivers and

creeks that traverse the region. Marion County is home to

Indianapolis, the capital city, which contains a population of

approximately 856,000 people. Carmel in Hamilton County is the

second most populous with nearly 90,000 residents. Population

growth is primarily concentrated to the northern suburbs and west of

the city.

METRO HIGHLIGHTS

PREMIER DISTRIBUTION HUB

Around 50 percent of the U.S. population lies within

a one-day drive of Indianapolis, making it a center

for the transportation of goods.

MAJOR HEALTH SCIENCES CENTER

Eli Lilly & Co., Roche Diagnostics Corp. and

Covance Inc. maintain operations in the region,

among other major health-related employers.

LOW COST OF DOING BUSINESS

Indianapolis’ costs are far below national averages,

attracting businesses and residents to the area.

MARKET OVERVIEW

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID

ECONOMY▪ Indianapolis underwent an economic renaissance during the past two decades,

diversifying from a manufacturing-based economy into a variety of other employment

sectors.

▪ The metro is one of the key health-sciences centers in the nation, anchored by several

pharmaceutical and life-sciences companies.

▪ The metro is accessible to a large portion of the nation in one day by ground or air,

making the region a burgeoning logistics and distribution hub.

▪ Annual GMP tops the national level, a trend that is set to persist over the next five years.

SHARE OF 2016 TOTAL EMPLOYMENT

MAJOR AREA EMPLOYERS

Eli Lilly & Co

Indiana University Health

Rolls-Royce Corp.

Community Health

Marsh Supermarkets

Kroger

IUPUI

FedEx

Roche Diagnostics

Finish Line* Forecast

MANUFACTURING

9%GOVERNMENT

HEALTH SERVICES

EDUCATION AND

+

OTHER SERVICES

4%

LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES

22%

AND UTILITIES

TRADE, TRANSPORTATION CONSTRUCTION

PROFESSIONAL AND

BUSINESS SERVICES

2%INFORMATION

15%

5%

13% 10% 6%

15%

19

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015

Marcus & Millichap ACT ID Y0260267

MARKET OVERVIEW



DEMOGRAPHICS

SPORTS

EDUCATION

ARTS & ENTERTAINMENT

▪ The metro is expected to add nearly 110,000 people through 2021, which will result

in the formation of nearly 40,000 households, generating demand for housing.

▪ A median home price below the national level has produced a homeownership rate

of 66 percent, which is above the national rate of 64 percent.

▪ Roughly 31 percent of people age 25 and older hold bachelor’s degrees; among

those residents, 11 percent also have earned a graduate or professional degree.

Indianapolis offers residents many big-city amenities in an affordable, small-town

atmosphere. The city is home to several high-profile auto races, including the Indianapolis

500 and Brickyard 400. Races are hosted at the Indianapolis Motor Speedway and the

Lucas Oil Raceway at Indianapolis. The metro has two major league sports teams: the

Indianapolis Colts (NFL) and the Indiana Pacers (NBA). The area also has a vibrant cultural

and arts scene, with more than 200 art galleries and dealers, the Indianapolis Symphony

Orchestra and a variety museums, including the Eiteljorg Museum of American Indians and

Western Art. Additionally, the Children’s Museum of Indianapolis is one of the largest

children’s museums in the world.

36.2

2016MEDIAN AGE:

U.S. Median:

37.7

$53,700

2016 MEDIAN HOUSEHOLD INCOME:

U.S. Median:

$54,500

2M

2016POPULATION:

Growth2016-2021*:

5.3%

774K

2016HOUSEHOLDS:

5.6%

Growth2016-2021*:

QUALITY OF LIFE

2016 Population by Age

0-4 YEARS

7%5-19 YEARS

21%20-24 YEARS

7%25-44 YEARS

28%45-64 YEARS

26%65+ YEARS

12%

* Forecast

Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s

Analytics; U.S. Census Bureau

MARKET OVERVIEW




Demographic Summary | 21

Income

In 2017, the median household income for your selected geographyis $96,379, compare this to the US average which is currently$56,286. The median household income for your area has changedby 29.02% since 2000. It is estimated that the median householdincome in your area will be $113,196 five years from now, whichrepresents a change of 17.45% from the current year.

The current year per capita income in your area is $46,600, comparethis to the US average, which is $30,982. The current year averagehousehold income in your area is $128,378, compare this to the USaverage which is $81,217.

Population

In 2017, the population in your selected geography is 157,214. Thepopulation has changed by 84.55% since 2000. It is estimated thatthe population in your area will be 179,682.00 five years from now,which represents a change of 14.29% from the current year. Thecurrent population is 48.49% male and 51.51% female. The medianage of the population in your area is 35.36, compare this to the USaverage which is 37.83. The population density in your area is1,998.75 people per square mile.

Households

There are currently 57,040 households in your selected geography.The number of households has changed by 81.65% since 2000. It isestimated that the number of households in your area will be 65,362five years from now, which represents a change of 14.59% from thecurrent year. The average household size in your area is 2.76 persons.

Employment

In 2017, there are 67,629 employees in your selected area, this is alsoknown as the daytime population. The 2000 Census revealed that81.68% of employees are employed in white-collar occupations inthis geography, and 18.08% are employed in blue-collar occupations.In 2017, unemployment in this area is 3.60%. In 2000, the averagetime traveled to work was 28.00 minutes.

Race and Ethnicity

The current year racial makeup of your selected area is as follows:82.80% White, 6.39% Black, 0.04% Native American and 6.44%Asian/Pacific Islander. Compare these to US averages which are:70.42% White, 12.85% Black, 0.19% Native American and 5.53%Asian/Pacific Islander. People of Hispanic origin are countedindependently of race.

People of Hispanic origin make up 4.38% of the current yearpopulation in your selected area. Compare this to the US average of17.88%.

Housing

The median housing value in your area was $251,022 in 2017,compare this to the US average of $193,953. In 2000, there were25,723 owner occupied housing units in your area and there were5,679 renter occupied housing units in your area. The median rent atthe time was $659.


Demographic Report | 22

POPULATION 1 Miles 3 Miles 5 Miles

▪ 2022 Projection

▪ 2017 Estimate

Total Population 9,083 69,020 157,214

▪ 2010 Census


▪ 2000 Census


▪ Current Daytime Population

2017 Estimate 10,907 53,086 128,765

HOUSEHOLDS 1 Miles 3 Miles 5 Miles

▪ 2022 Projection

Total Households 3,639 28,687 65,362

▪ 2017 Estimate


Average (Mean) Household Size 2.57 2.78 2.76

▪ 2010 Census


▪ 2000 Census


▪ Occupied Units

2022 Projection 3,639 28,687 65,362

2017 Estimate 3,723 26,522 59,939

HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles

▪ 2017 Estimate

$150,000 or More 17.22% 21.50% 23.09%

$100,000 - $149,000 27.85% 27.25% 24.76%

$75,000 - $99,999 15.94% 16.39% 14.98%

$50,000 - $74,999 17.64% 15.50% 15.42%

$35,000 - $49,999 9.45% 8.77% 8.45%

Under $35,000 11.90% 10.59% 13.30%

Average Household Income $117,278 $126,045 $128,378

Median Household Income $92,226 $98,081 $96,379

Per Capita Income $45,408 $45,960 $46,600

HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 5 MilesTotal Average Household Retail Expenditure

$74,118 $76,419 $76,194

▪ Consumer Expenditure Top 10 Categories

Housing $19,747 $20,355 $20,213

Transportation $13,490 $13,952 $13,995

Shelter $11,576 $11,869 $11,720

Personal Insurance and Pensions $8,198 $8,431 $8,373

Food $8,035 $8,292 $8,266

Health Care $4,756 $5,066 $5,204

Utilities $4,001 $4,119 $4,136

Entertainment $3,396 $3,478 $3,441

Household Furnishings and Equipment

$2,108 $2,205 $2,217

Apparel $2,017 $2,085 $2,053

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

▪ Population By Age

2017 Estimate Total Population 9,083 69,020 157,214

Under 20 29.36% 32.11% 31.43%

20 to 34 Years 23.14% 19.39% 18.02%

35 to 39 Years 8.84% 8.64% 7.97%

40 to 49 Years 16.26% 16.19% 15.65%

50 to 64 Years 15.86% 15.79% 17.44%

Age 65+ 6.53% 7.88% 9.50%

Median Age 33.73 34.16 35.36

▪ Population 25+ by Education Level

2017 Estimate Population Age 25+ 5,914 43,452 100,213

Elementary (0-8) 0.19% 0.41% 0.64%

Some High School (9-11) 0.73% 1.19% 2.09%

High School Graduate (12) 14.25% 13.61% 14.43%

Some College (13-15) 20.68% 19.50% 18.47%

Associate Degree Only 6.34% 6.15% 6.18%

Bachelors Degree Only 39.18% 39.19% 37.54%

Graduate Degree 18.39% 19.67% 20.24%

Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has

Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any

information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing

Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this

Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased

property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the

property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the

property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including

newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not

guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to

market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value

of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be

able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your

investigation and/or purchase of this net leased property.

NET LEASED DISCLAIMER

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended

to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus &

Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

NON-ENDORSEMENT NOTICE

CONFIDENTIALITY & DISCLAIMER

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be

made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepare to provide summary, unverified information to prospective

purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has

not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and

square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the

improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this

Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, not has Marcus &

Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers

must take appropriate measures to verify all of the information set forth herein.

ARBY’S | FISHERS, IN

EXCLUSIVE OFFERING

www.marcusmillichap.com

P R E S E N T E D B Y :O F F I C E S

N A T I O N W I D E

N a t h a n W h a l e nF i r s t V i c e P r e s i d e n t I n v e s t m e n t s

I n d i a n a p o l i s O f f i c e

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N a t h a n . W h a l e n @ m a r c u s m i l l i c h a p . c o m

P r o p o s a l P r e s e n t e d B y :

J e r e m i e J o h n s o nF i r s t V i c e P r e s i d e n t I n v e s t m e n t s


( 3 1 7 ) 2 1 8 - 5 3 4 2

J e r e m i e . J o h n s o n @ m a r c u s m i l l i c h a p . c o m

M a d i s o n S h u r t z | T i m C h r i s t e n s e n | C o d y G a t e w o o d | B l a k e P a l m a | M i t c h e l l W a s m u n d

A d a m O ’ S u l l i v a nA s s o c i a t e


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A d a m . O s u l l i v a n @ m a r c u s m i l l i c h a p . c o m

table of contents arby’s · price: $2,460,000 cap rate: 6.85% gross leasable area: 3,000 price...

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