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Arby's | 20yr NNN SLB | 365-Unit Operator 1135 Muldoon Rd 3,060 SF Retail Building Anchorage, AK 99504 $1,953,000 ($638.24/SF) 6.40% Cap Rate
Investment Highlights
- New, 20-Year NNN Lease | Experienced Operator | Healthy Sales Performance
- Prime Anchorage Location | Fred Meyer Outparcel | High Traffic Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a brand-new 20-year, absolute NNN leased Arby’s investment property located in Anchorage, Alaska. The lease guarantor, DRG Meats Alaska, LLC, a 9-unit subsidiary of Diversified Restaurant Group (DRG), operates this location as part of a highly experienced franchise group with approximately 365 Taco Bell and Arby’s restaurants nationwide. The lease features 8% rental increases every five years, providing consistent NOI growth and a hedge against inflation. The property also underwent a $550,000+ remodel in 2018 to Arby’s latest prototype design. The absolute NNN lease structure includes zero landlord responsibilities, as the tenant is responsible for all CAM, taxes, insurance, and maintenance, making this an ideal, management-free investment for an out-of-state, passive investor.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
3,060 SF
Building Class
B
Year Built/Renovated
1997/2017
Price
$1,953,000
Price Per SF
$638.24
Cap Rate
6.40%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.72 AC
Opportunity Zone
Yes
Zoning
B3SL - General Business District, Special Limitations
Parking
35 Spaces (11.44 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00612161000 | Improvements Assessment | $444,700 |
| Land Assessment | $621,400 | Total Assessment | $1,066,100 |
Property Taxes
Parcel Number
00612161000
Land Assessment
$621,400
Improvements Assessment
$444,700
Total Assessment
$1,066,100
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