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Arby's 3509 S Minnesota Ave 3,444 SF Retail Building Sioux Falls, SD 57105 $1,750,000 ($508.13/SF) 5.75% Cap Rate

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INVESTMENT HIGHLIGHTS

Income Tax-Free State
Absolute NNN with 18 Years Remaining Term
Highly Visible Site on Primary Retail Thoroughfare

Excellent Rent/Sales Ratio
Strong Franchisee | Over 110 Units Under Management
Annual Visits in the Top 30% Nation-Wide for Arby's Locations (Placer.ai data)

EXECUTIVE SUMMARY

Colliers International is proud to present the Arby’s restaurant site on Minnesota Avenue in Sioux Falls, South Dakota. Arby’s has been at this location since its construction in 2011 and currently operates under a 20-year lease with approximately 18 years remaining term. This is an absolute net-leased property (Absolute NNN) with no landlord responsibilities for property taxes, utilities, maintenance or roof/structure. Rental income is set at a base amount, with percentage rent being applied above a specified gross sales figure as an efficient hedge against inflation. The franchisee on-site is DRM, Inc., one of the largest Arby’s operators in the country with over 110 locations
nationwide.
Arby’s has a long and successful track record at this site since2011. It benefits greatly from its strategic location along the on and off ramps of Interstate 229, along with its positioning on Minnesota Avenue which has the highest traffic counts among North/South Avenues in south Sioux Falls. The immediate area is home to numerous national retailers including Costco, Hy-Vee Grocery, Hardee’s, McDonalds, At Home Furniture, Planet Fitness, and more.

3509 S Minnesota Ave - Arbys OM

PROPERTY FACTS

Sale Type

Investment NNN

Sale Condition

1031 Exchange

Property Type

Retail

Building Size

3,444 SF

Building Class

Year Built

2011

Price

$1,750,000

Price Per SF

$508.13

Cap Rate

5.75%

NOI

$100,625

Tenancy

Single

Building Height

1 Story

Building FAR

0.07

Lot Size

1.19 AC

MAJOR TENANTS

Accommodation and Food Services
3,444 SF
$29.23
Triple Net
Oct 2043

The Arby's brand purpose is Inspiring Smiles Through Delightful Experiences™. Arby's delivers on its purpose by celebrating the art of Meatcraft® with a variety of high-quality proteins and innovative, crave-able sides, such as Curly Fries and Jamocha shakes. Arby's Fast Crafted® restaurant services feature a unique blend of quick-serve speed combined with the quality and made-for-you care of fast casual. Arby's Restaurant Group, Inc. is the franchisor of the Arby's Brand and is part of the Inspire Brands family of restaurants headquartered in Atlanta, Ga. Arby’s, founded in 1964, is a leading sandwich drive-thru restaurant brand with restaurants globally.