1444 4th St NW
New Philadelphia, OH 44663
Arby's · Retail Property For Sale

NNN – STNL – Retail – Arby’s – Drive-Thru-Commercial Real Estate – For Sale – New Philadelphia – OH Marcus & Millichap is pleased to present the opportunity to acquire Arby’s located in New Philadelphia, OH. Arby’s features a 20-year triple net (NNN) lease with 18 years remaining and features three, five-year renewal options and 1.5% rental increases throughout both base term and option periods. The subject property consists of a 2,200-square foot free-standing building, situated on a 0.5-acre parcel. Extensive building renovations were made in 2017, including the roof and HVAC. The lease is guaranteed by D&J Giesen Inc. which owns and operates 10 Arby’s restaurants throughout central and northeast Ohio. The lease is personally guaranteed by the operator. Arby’s was Awarded QSR Magazine’s Top 10 Best Franchise Deals in 2017. Arby’s is conveniently located in a dense retail corridor with major national retailers in the area including AutoZone, Enterprise Rent-A-Car, First National Bank, Papa John’s, Wendy’s and Many More. The site further benefits from its location which is half a mile from Union Hospital Dover with a medical staff of more than 1,100 and Kent State University at Tuscarawas which is four miles away. New Philadelphia is the county seat of Tuscarawas County, Ohio and was voted number four in the “50 Safest Cities in Ohio”.