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5/20/2018 Triple Net Ground Lease Arbys for Sale
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Arbys (Ground Lease)
8720 Manchester RoadBrentwood, MO 63144 (St. Louis MSA)
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TABLE OF CONTENTS
TABLE OF CONTEN
1) Condentiality & Disclaimer
2) Executive Summary
3) Property Overview
4) Aerials
5) Site Plan
6) Maps
7) Tenant Prole
8) Demographic Comparison Report
9) Location Overview
10) Contact Information
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The information contained in the following Offering Memorandum is proprietary and strictly condential. It is intende
be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other per
or entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to prov
summary, unveried information to prospective purchasers, and to establish only a preliminary level of interest in
subject property. The information contained herein is not a substitute for a thorough due diligence investigation.
Boulder Group has not made any investigation, and makes no warranty or representation. The information contai
in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Gr
has not veried, and will not verify, any of the information contained herein, nor has The Boulder Group conducted investigation regarding these matters and makes no warranty or representation whatsoever regarding the accur
or completeness of the information provided. All potential buyers must take appropriate measures to verify all of
information set forth herein.
CONFIDENTIALITY & DISCLAIMER
CONFIDENTITALITY & DISCLAIM
5/20/2018 Triple Net Ground Lease Arbys for Sale
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The Boulder Group is pleased to exclusively market for sale a single tenant net leased Arbys ground lease pro
located within the St. Louis MSA. The property is located within a strong retail corridor along Manchester Road, a pri
east-west thoroughfare. There are over ten years remaining on the Arbys ground lease that expires on Novembe
2024. The lease features 10% rental escalations every ve years. The lease is guaranteed by the largest Arbys franch
US Beef Corporation, which operates over 320 locations.
The 43,562 square foot Arbys property is located along Manchester Road, a primary east-west thoroughfare that experie
trafc counts in excess of 20,000 vehicles per day. Manchester Road runs parallel with Interstate 64 connecting the c
St. Louis with its western suburbs. The surrounding area is densely concentrated with commercial buildings providing
barriers to entry. Additionally, the property is located less than one and one-half miles from the intersection of Inter
64 and Interstate 170, which experiences trafc counts in excess of 300,000 vehicles per day. The surrounding ar
densely populated with over 107,000 people living within a three mile radius earning average annual household inco
in excess of $93,000. The Arbys is an outparcel to an Ofce Depot and Ace Hardware anchored center. The prope
located approximately one and one-half miles from the Saint Louis Galleria, a 1.2 million square foot mall that is anch
by Apple, Nordstrom, Macys, and Dillards. Additional retailers located nearby include Whole Foods, Target, Wa
Supercenter, Sams Club, Lowes, Home Depot and Schnucks.
The Arbys ground lease has over ten years remaining and features 10% rental escalations every ve years. There are
5-year renewal option periods. The lease is guaranteed by US Beef Corporation, the largest Arbys franchisee with
320 locations.
INVESTMENT HIGHLIGHTS
Located within the St. Louis MSA
Long term ground lease with over 10 years remaining
10% rental escalations every ve years
No landlord responsibilities
Recent construction (2009)
Guaranteed by US Beef Corporation, Arbys largest franchisee with over 320 locations
Located along Manchester Road, a primary east-west thoroughfarewith trafc counts in excess of 20,000 VPD
Surrounding area is densely concentrated with commercial buildingsproviding high barriers to entry
Close proximity to the Interstate 64 & Interstate 170 interchange(300,000 VPD)
Located approximately one and one-half miles from the Saint LouisGalleria, a 1.2 million square foot mall that is anchored by Apple,Nordstrom, Macys, and Dillards
EXECUTIVE SUMMARY
EXECUTIVE SUMMA
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PROPERTY OVERVI
PROPERTY OVERVIEW
Price: $1,355,357
Cap Rate: 5.60%
Rent Schedule: NOI Escalation Date
$75,900
$83,496 11/14/2019
$91,872 11/14/2024 (Option 1)
$101,064 11/14/2029 (Option 2)
$111,180 11/14/2034 (Option 3)
$122,304 11/14/2039 (Option 4)
Rental Escalations: 10% Every Five Years
Renewal Options: Four 5-Year
Lease Commencement Date: November 14, 2009
Lease Expiration Date: November 13, 2024
Tenant: Arbys
Guarantor: US Beef Corporation (320 Locations)
Year Built: 2009
Lease Type: Ground Lease
Building Size: 2,812 SF
Land Acreage: 43,562 SF
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AERIA
AERIALS
N
170
64
MANCHESTER
ROAD
SOUTHBRENTWOODROAD
128,000VPD
173,0
00
VPD
HANLEY INDUSTRIAL
PARK
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AERIA
AERIALS
N
MANCHESTER
ROAD
SOUTHBRENTWOOD
R
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SITE PLAN
SITE PL
MANCHESTER
ROAD
DRIVE-THRU
N
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MAPS
MA
5/20/2018 Triple Net Ground Lease Arbys for Sale
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Arbys Restaurant Group, Inc. is the second largest quick-service sandwich chain in the U.S. with more than 3
restaurants system wide. Roark Capital Group acquired the company in July 2011 and owns 81.5% of the company
The Wendys Company owning the other 18.5%. In addition to its classic Roast Beef and Beef n Cheddar sandwi
made in store daily, Arbys is also known for its deli-style Market Fresh line of sandwiches and salads, Curly Fries
shakes. Arbys operates in 48 states throughout the United States of America and Canada, Qatar, and Turke
headquarters are in Sandy Springs, Georgia.
Website: www.arbys.com
Number of Locations: 3,400+
Headquarters: Sandy Springs, GA
Parent Company: Roark Capital Group & The Wendys Company
US Beef owns and operates over 320 Arbys famous roast beef restaurants in the eight contiguous Midwest stat
Oklahoma, Arkansas, Kansas, Illinois, Colorado, Missouri, Idaho, and Wyoming. Since the Davis family opened thei
Arbys in 1969 in Tulsa, United States Beef Corporation has expanded rapidly and is recognized and acclaimed as o
the top performing franchise restaurateurs in the industry. US Beef is headquartered in Tulsa, Oklahoma.
Website: www.usbeefcorp.com
Number of Locations: 320Headquarters: Tulsa, OK
TENANT PROFILE
TENANT PROF
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DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPO
Population 1-mi 3-mi 5-mi
Total Population 11,883 107,060 300,260Total Households 5,329 47,432 135,263
Income
Median Household Income $61,958 $58,391 $51,578Average Household Income $86,187 $93,020 $81,207
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Brentwood is a thriving community located in the heart of St. Louis County, just south o
County seat, Clayton, Missouri and one and one-half miles west of the City of St. Louis. Brentw
is just minutes from area attractions such as Forest Park, the St. Louis Science Center, th
Louis Art Museum and the world renowned St. Louis Zoo. Brentwood is also in close proximity to Interstate 170, Inter
44, and Interstate 64. As of the 2010 US Census, the city of Brentwood had a population of 8,055.
www.brentwoodmo.org
St. Louisis a city in eastern Missouri located along the Mississippi River. The St. Louis metropolitan
known as Greater St. Louis, includes the city as well nearby areas in Missouri and Illinois and is amon
20 largest metropolitan areas in the United States with a population of 2,900,605.
The economy of St. Louis relies on service, manufacturing, trade, transportation of goods, and tourism. The city is hom
several major corporations, including Express Scripts, Emerson Electric, Monsanto, Anheuser-Busch, Reinsurance G
of America, Centene, Peabody Energy, Ameren, Graybar Electric, Enterprise Rent-A-Car and Edward Jones Investmen
www.stlouis-mo.gov
LOCATION OVERVIEW
LOCATION OVERVI
5/20/2018 Triple Net Ground Lease Arbys for Sale
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CONTACT INFORMATION
CONTACT INFORMAT
666 Dundee Road, Suite 1801
Northbrook, IL 60062
Randy Blankstein
President
847.562.0003
Jimmy Goodman
Partner
847.562.8500