299 N Route 73
West Berlin, NJ 08091
Retail Property For Sale

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Arby's property located on NJ Hwy 73 (Berlin Kresson Rd) in West Berlin, New Jersey. Arby's has been successfully operating at this location since 1998 and exercised its first option period showing success at and commitment to this location. This is a fee simple, NNN lease offering zero landlord responsibilities or expenses for the owner. There are 2% annual increases throughout the base term of the lease and in each of the three remaining option periods to renew. The lease is corporately guaranteed by Arby's, a subsidiary of Inspire Brands and the second-largest sandwich restaurant brand in the world. Arby's is ideally situated as a pad site to Walmart at the corner of Hwy 73 and Deangelo Drive. This is an ideal location for Arby's, as it is surrounded by numerous national tenants including The Home Depot, ShopRite, Rite Aid, PetSmart, McDonald's, Chick-Fil-A, Dunkin Donuts and Taco Bell to name a few. This is also the only Arby's within an 8 mile radius. The subject property is also surrounded by dense, affluent and growing demographics. There are 6,779 people and an average household income over $102,000 within 1 mile of the site, and 40,059 people and an average household income over $111,000 within 3 miles and 134,358 people and an average household income over $106,000 within 5 miles. Arby's also benefits from its excellent visibility and access along Hwy 73, a main throughway in West Berlin with traffic counts exceeding 42,000 vehicles per day. This NNN lease with annual increases, combined with a long-term tenant with site commitment offers the ideal investment for the astute investor.