1605 US Highway 1
Vero Beach, FL 32960
Arby's · Retail Property For Sale

Marcus & Millichap is pleased to present this fee simple Arby's with a new absolute triple net 20-year lease, located in Vero Beach, Florida. This location has been continuously operating as an Arby's for over two decades. The lease guarantor, Mosaic Investments, is a fully integrated investment firm that specializes in acquiring and managing operations businesses. They currently have over thirty locations across the Southeast and have committed to this location by signing a brand new long term lease. The tenant will be investing an estimated $400,000 into a store remodel to bring this location up to Arby's new brand standards, which traditionally adds 20-30% to unit level sales. The new 20-year lease with Arby's commences April 2017. The lease has five percent rent increases every five years and in the option period. The landlord has no responsibilities, as the tenant is responsible for CAM, taxes, insurance, property maintenance, etc. The lease is corporately guaranteed by Mosaic Red Hat Group LLC, which experienced company-wide sales of around $26 million last year. This investment provides a unique opportunity to acquire a true hands off investment in a growing market. Vero Beach is located on the east coast of Florida within Indian River county and is in an area commonly referred to as Florida's Treasure Coast. Vero Beach is approximately 135 miles north of Miami and approximately 100 miles east of Orlando. Immediately to the north of Vero Beach are Melbourne, Merritt Island and Cape Canaveral.