The Boulder Group is pleased to exclusively market for sale
a single tenant net leased Arby’s ground lease property located within the St.
Louis MSA. The property is located within a strong retail corridor along
Manchester Road, a primary east-west thoroughfare. There are over ten years
remaining on the Arby’s ground lease that expires on November
14, 2024. The lease features 10% rental escalations every five years.
The lease is guaranteed by the largest Arby’s franchisee, US Beef Corporation,
which operates over 320 locations.
The 43,562 square foot Arby’s property is located along
Manchester Road, a primary east-west thoroughfare that experiences traffic
counts in excess of 20,000 vehicles per day. Manchester Road runs parallel with
Interstate 64 connecting the city of St. Louis with its’ western suburbs. The
surrounding area is densely concentrated with commercial buildings providing
high barriers to entry. Additionally, the property is located less than one and
one-half miles from the intersection of Interstate 64 and Interstate 170, which
experiences traffic counts in excess of 300,000 vehicles per day. The
surrounding area is densely populated with over 107,000 people living within a
three mile radius earning average annual household incomes in excess of
$93,000. The Arby’s is an outparcel to an Office Depot and Ace Hardware
anchored center. The property is located approximately one and one-half miles
from the Saint Louis Galleria, a 1.2 million square foot mall that is anchored
by Apple, Nordstrom, Macy’s, and Dillard’s. Additional retailers located nearby
include Whole Foods, Target, Walmart Supercenter, Sam’s Club, Lowe’s, Home
Depot and Schnucks.
The Arby’s ground lease has over ten years remaining and
features 10% rental escalations every five years. There are four 5-year renewal
option periods. The lease is guaranteed by US Beef Corporation, the largest
Arby’s franchisee with over 320 locations.
http://www.bouldergroup.com/NNN-Properties-For-Sale.html
