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The Boulder Group is pleased to exclusively market for sale a single tenant net leased Arbys ground lease property

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  • 1. NET LEASED INVESTMENT OFFERING www.bouldergroup.com Arbys (Ground Lease) 8720 Manchester Road Brentwood, MO 63144 (St. Louis MSA)
  • 2. NET LEASED INVESTMENT OFFERING www.bouldergroup.com TABLE OF CONTENTS TABLE OF CONTENTS 1) Confidentiality & Disclaimer 2) Executive Summary 3) Property Overview 4) Aerials 5) Site Plan 6) Maps 7) Tenant Profile 8) Demographic Comparison Report 9) Location Overview 10) Contact Information
  • 3. NET LEASED INVESTMENT OFFERING www.bouldergroup.com The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder Group has not made any investigation, and makes no warranty or representation. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. CONFIDENTIALITY & DISCLAIMER CONFIDENTITALITY & DISCLAIMER
  • 4. NET LEASED INVESTMENT OFFERING www.bouldergroup.com The Boulder Group is pleased to exclusively market for sale a single tenant net leased Arbys 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 Arbys ground lease that expires on November 14, 2024. The lease features 10% rental escalations every five years. The lease is guaranteed by the largest Arbys franchisee, 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 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 Arbys 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, Macys, and Dillards. Additional retailers located nearby include Whole Foods, Target, Walmart Supercenter, Sams Club, Lowes, Home Depot and Schnucks. The Arbys 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 Arbys franchisee with over 320 locations. INVESTMENT HIGHLIGHTS Located within the St. Louis MSA Long term ground lease with over 10 years remaining 10% rental escalations every five 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 thoroughfare with traffic counts in excess of 20,000 VPD Surrounding area is densely concentrated with commercial buildings providing 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 Louis Galleria, a 1.2 million square foot mall that is anchored by Apple, Nordstrom, Macys, and Dillards EXECUTIVE SUMMARY EXECUTIVE SUMMARY
  • 5. NET LEASED INVESTMENT OFFERING www.bouldergroup.com PROPERTY OVERVIEW 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
  • 6. NET LEASED INVESTMENT OFFERING www.bouldergroup.com AERIALS AERIALS N 170 64 MANCHESTER ROAD SOUTH BRENTWOOD ROAD 128,000 VPD 173,000 VPD HANLEY INDUSTRIAL PARK
  • 7. NET LEASED INVESTMENT OFFERING www.bouldergroup.com AERIALS AERIALS N MANCHESTER ROAD SOUTH BRENTWOOD ROAD
  • 8. NET LEASED INVESTMENT OFFERING www.bouldergroup.com SITE PLAN SITE PLAN MANCHESTER ROAD DRIVE-THRU N
  • 9. NET LEASED INVESTMENT OFFERING www.bouldergroup.com MAPS MAPS
  • 10. NET LEASED INVESTMENT OFFERING www.bouldergroup.com Arbys Restaurant Group, Inc. is the second largest quick-service sandwich chain in the U.S. with more than 3,400 restaurants system wide. Roark Capital Group acquired the company in July 2011 and owns 81.5% of the company, with The Wendys Company owning the other 18.5%. In addition to its classic Roast Beef and Beef n Cheddar sandwiches, made in store daily, Arbys is also known for its deli-style Market Fresh line of sandwiches and salads, Curly Fries and shakes. Arbys operates in 48 states throughout the United States of America and Canada, Qatar, and Turkey. Its 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 states of Oklahoma, Arkansas, Kansas, Illinois, Colorado, Missouri, Idaho, and Wyoming. Since the Davis family opened their first Arbys in 1969 in Tulsa, United States Beef Corporation has expanded rapidly and is recognized and acclaimed as one of the top performing franchise restaurateurs in the industry. US Beef is headquartered in Tulsa, Oklahoma. Website: www.usbeefcorp.com Number of Locations: 320 Headquarters: Tulsa, OK TENANT PROFILE TENANT PROFILE
  • 11. NET LEASED INVESTMENT OFFERING www.bouldergroup.com DEMOGRAPHIC COMPARISON REPORT DEMOGRAPHIC COMPARISON REPORT Population 1-mi 3-mi 5-mi Total Population 11,883 107,060 300,260 Total Households 5,329 47,432 135,263 Income Median Household Income $61,958 $58,391 $51,578 Average Household Income $86,187 $93,020 $81,207
  • 12. NET LEASED INVESTMENT OFFERING www.bouldergroup.com Brentwood is a thriving community located in the heart of St. Louis County, just south of the County seat, Clayton, Missouri and one and one-half miles west of the City of St. Louis. Brentwood is just minutes from area attractions such as Forest Park, the St. Louis Science Center, the St. Louis Art Museum and the world renowned St. Louis Zoo. Brentwood is also in close proximity to Interstate 170, Interstate 44, and Interstate 64. As of the 2010 US Census, the city of Brentwood had a population of 8,055. www.brentwoodmo.org St. Louis is a city in eastern Missouri located along the Mississippi River. The St. Louis metropolitan area, known as Greater St. Louis, includes the city as well nearby areas in Missouri and Illinois and is among the 20 largest metropolitan areas in the