Arby's Ground Lease
ClosedHwy 92 & Baker Rd, Acworth, GA 30101
Property type
Retail
Unit / Space count
1
Price
$2,200,000
Building size
2,109 sf
Rentable area
2,109 SF
Year built
2018
Year renovated
Occupancy
Zoning code
Lot size
0.99 Acres
Sold/status
Sold · Date unknown
Sale price
$2200000
Property description
Opportunity to acquire a newly developed Arby’s location in Acworth, GA. Acworth is a northwest suburb of Atlanta, the ninth largest MSA in the country. The site is located off a busy I-75 exit with a Cabelas. Since 2000, Acworth’s population has grown by more than 72 percent, from 13,422 residents in 2000 to an estimated 28,502 in 2016. Acworth has witnessed its commercial tax base increasing from 18 to 37 percent [in the last 15 years] with the residential tax base adjusting from 82 to 63 percent. Acworth has also been ranked the second safest city in Georgia, which is attractive for business growth opportunities in the Atlanta suburb.
Property highlights
- New 20-Year corporate ground lease from Arby’s
- In the two years after Wendy’s sold Arby’s sales have jumped 16% to $3.6B
- Excellent visibility directly off of I-75 - 104,000 VPD at this exit
- Scheduled rent increases during initial term
- Surrounding national tenants include: Publix, Cabela’s, Walgreens, McDonald’s, Wendy’s, Sonic, Advance Auto, Family Dollar, among others
- Arby’s recently took over ownership of Buffalo Wild Wings in 2018
- Arby’s has 3,300+ locations across the World