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Arby’s, Hickory, NC

Arby’s

NC, USA

Price $2,560,000
Cap Rate
NOI
Lease Term 20 Years
Lease Type
Rental Increases 10% Rental Increases Every 5 Years
Year Built 2016
Building Size 2,160 SF
Lot Size 1.00 Acres (43,560 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE
» Leased to strong Arby’s franchisee (45 units) for 20 years, with four fiveyear options
» Scheduled rental increases, providing a hedge against inflation
» Absolutely no landlord management, providing an ideal investment for an out-of-area investor

OUTPARCEL LOCATION AT HICKORY’S PRIMARY INTERSECTION
» Excellent outparcel location to a new shopping center anchored by Walmart Neighborhood Market
» Access and visibility to 40,000 vehicles per day at the intersection of Springs Road Northeast and McDonald Parkway
» Within minutes drive of five of Catawba County’s ten largest employers
» Close proximity to Valley Hills Mall, the largest retail destination in the area surrounding Hickory
» Less than three miles from Lenior-Rhyne University (2,300+ students)

NEW CONSTRUCTION FEATURING LATEST ARBY’S PROTOTYPE
» High-quality 2016 construction
» Features a dedicated drive-thru, providing additional convenience to customers and increasing sales revenue

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is outparcel to St. Stephens Village Shopping Center, anchored by Walmart Neighborhood Market. The site is located along Springs Road Northeast, which experiences a traffic count of 23,000 vehicles per day. The site also located near McDonald Parkway, which connects the greater submarket to Interstate 40 and Highway 127, both major thoroughfares and dense retail corridors, and has a traffic count of 17,000 vehicles per day. Both Springs Road Northeast and McDonald Parkway are main roads carrying constant, substantial traffic, providing a large customer base for Arby’s. Additional national tenants near the site include Sheetz, Walgreens, Zaxby’s, McDonald’s, Dunkin’ Donuts, O’Reilly Auto Parts, and Taco Bell.

The site benefits from its close proximity to several major retailers, employers, and educational institutions. McDonald Parkway connects the site to Hickory’s main retail corridor, which includes Valley Hills Mall. The 936,000 square foot mall features over one hundred stores, services, and restaurants and is the largest retail destination in the area surrounding Hickory. Additionally, several major employers are within a seven minute drive of the property, including Corning Cable Systems and the Catawba Valley Medical Center. Springs Road Northeast connects the property to Hickory’s downtown and industrial areas and to Lenoir-Rhyne University, which has a total enrollment of over 2,300 students.

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