Arby's Ground Lease

Jenison
,
MI
Michigan
Grand Rapids

Call for Details

$

2,068,000

Call for Details
5.80
%
CAP Rate

Corporate Guaranty

Backed by Corporate Guaranty, Arby's Restaurant Group, Inc.

Double Drive-Thru

Brand New 2024 Construction with Double Drive-Thru

~8 miles

from Downtown Grand Rapids

Property details
  1. New 15-Year Corporate Absolute NNN Ground Lease to Arby’s
    • Scheduled Rental Increases of 10% in Initial Term & Option Periods
    • No Landlord Responsibilities
  2. Corporate Guaranty from Parent Company, Arby’s Restaurant Group, Inc.
  3. 2024 Construction with Double Drive-Thru Component
  4. Robust Demographics in Surrounding Area
    • Population of 132,575 within 5 Mile Radius
    • Daytime Population within 1 Mile Radius Increases 150% over Base Population
    • $105,523 Average Household Income within a 3 Mile Radius
  5. Neighbors Highly-Trafficked Locations for Numerous Major Tenants, per Placer.ai
    • Top 10% Locations Nationwide for Meijer and Aldi
    • #3 Most Visited Costco in Michigan
    • Cabela’s Best-Performing Michigan Store and #5 Store Nationwide by Number of Visits
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Vahe Nokhoudian
Partner
CA RE Lic #01963342
Scott Reid
ParaSell, Inc.
MI RE Lic #6506047186
Property Specs
Tenancy
Single Tenant
Multi Tenant
Building Size
2,357
SF
Lot Size
0.64
AC
View Offering Memorandum
View Offering Memorandum
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Vahe Nokhoudian
Partner
CA RE Lic #01963342
Scott Reid
ParaSell, Inc.
MI RE Lic #6506047186