The subject property is an absolute net-leased investment opportunity leased to Arby’s Restaurant located in Blaine, Minnesota. Arby’s is operating on an original twenty year lease with approximately twelve years remaining. There are two (2) five (5) year renewal options remaining after the current term. Scheduled base rent will increase by the lesser of 1 percent or CPI increases during the primary term and throughout the option periods. The tenant is responsible for all maintenance, repair and replacement of all improvements to the site.
The lease is corporately guaranteed by RTM Restaurant Group which is now owned by Roark Capital Group.
The subject property is located on Central Avenue NE directly north of the 10 interchange. Arby’s is an outlot to a very successful Kohl’s and Menards. The site is situated on the east side of Central Avenue NE and 103rd Avenue NE. Additional retailers and restaurants in the immediate area consist of McDonald's, Bank of America, Noodles and Company, AT&T, Target, Culver’s, OfficeMax, Starbucks, Gander Mountain and many more.