639 Scioto St
Urbana, OH 43078
Arby’s: Absolute NNN Lease · Retail Property For Sale

Arby’s has 15 years remaining on an initial 20-year Absolute NNN lease with 7% rental escalations every 5 years and four 5-year renewal options. The tenant, Heartland Beef, Inc. is a large Arby’s franchisee with 36 units in Illinois, Indiana, Iowa, Ohio, and Missouri. This asset has been successfully open and operating for decades with an estimated +$250,000 interior/exterior remodel by YE 2021 – showing the tenant’s commitment to the location. Arby’s is located in Urbana, Ohio just off a hard corner with excellent drive-by visibility. Nearby retailers include: Walmart Supercenter, Kroger, Dollar General, Dollar Tree, Goodwill, Tractor Supply Co., Do It Best Hardware, CVS Pharmacy, Aaron’s, AutoZone, Advance Auto Parts, O’Reilly Auto Parts, etc. The subject location is just 1.5 miles from Urbana University (enrollment of 1,800) and less than 1 mile from Mercy Health – Urbana Hospital (35 beds). *In Association with Ohio Local Broker: Branen L. Weade, Weade Realtors & Auctioneers, LLC #2010000811