3915 E Ridge Rd
Highland, IN 46322
Arby's (Recent 15-Yr Extension) · Retail Property For Sale

Marcus & Millichap is proud to offer for sale the absolute NNN franchisee operated (Miracle Restaurant Group – 23+ Locations) Arby’s restaurant located in Highland, Indiana. The original 20-year lease was signed in 2006, but the tenant just reaffirmed their long term commitment to this location by exercising an amendment that brings the remaining lease term to 15-years as of July 1st, 2018. This lease amendment provides the landlord with 7.5% rent increases every 5-years. Highland is a town in Lake County, Indiana with a population around 24,000 and is conveniently located just 21 miles from Chicago, IL along with being minutes from Lake Michigan. The town is part of the Chicago metropolitan area and North Township. Neighboring cities include Hammond (to the north), Munster (to the west), Schererville (to the south) and Griffith (to the east). This Arby’s is positioned adjacent to the new construction People’s Bank (to the east) and across the street from McDonald’s. In addition, the Arby’s also neighbor’s other major retailers, including: Dunkin’ Donuts, Culver’s, KFC, Jiffy Lube, Taco Bell along and many others.