(Northbrook, IL- July 12, 2017) – (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Arby’s Restaurant located at 1911 Main Street in Green Bay, Wisconsin for $1,080,000.
The 2,000 square foot Arby’s Restaurant building is strategically located along Main Street in a dominant retail corridor. Main Street is the primary east-west thoroughfare in the trade area. The Arby’s Restaurant has excellent visibility. Retailers located in the immediate area include Pick ‘n Save (Kroger), Walgreens, Dollar Tree, Family Dollar, Planet Fitness, AutoZone, and The East Town Mall which features Kohl’s, Hobby Lobby, Office Max, Petco, ALDI and Shopko. East Town Mall is undergoing a major renovation along with adjacent property in the coming year. There are over 70,000 people living within a three mile radius of the property.
The Arby’s Restaurant lease has over 14 years remaining and features 5% rental escalations every 5 years of the primary term and in each renewal option period. The lease is triple net and features zero landlord responsibilities. Arby’s is a leading international quick-service restaurant company that specializes in deli-style sandwiches. Arby’s is the second-largest quick-service fast-food sandwich restaurant chain in the U.S. in terms of units and third-largest in terms of revenue.