Net Leased Arby’s Sale Arranged Date January 5, 2021
The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant net leased Arby’s located at 7125 County Road 54 in New Port Richey, Florida for $1,730,000.
The 3,500 square foot net leased Arby’s benefits from its location near a signalized hard corner along Rowan Road (27,600 VPD) and County Road 54 (42,000 VPD) which is a primary east – west thoroughfare. The property is well positioned in a dominant retail corridor along County Road 54 with brands such as 7-Eleven, Bealls Florida, CVS Pharmacy, Dollar General Market, McDonald’s, Pizza Hut, The UPS Store, Walgreens, and Winn Dixie. Other retailers in the area include Advance Auto Parts, Dunkin’, and Wendy’s. There are 158,722 people living within 5 miles of the property with an average household income in excess of $63,899 annually.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller was a private real estate investor and the buyer was a Florida based trade buyer.
The lease has over 14 years remaining with four 5 -year renewal options and is guaranteed by Mosaic Red Hat Group, LLC, a 41 -unit operator. This tenant has been at this location since 1990. Arby’s Restaurant Group, Inc. is a leading international quick-service restaurant company operating in the United States.
“Net leases to e-commerce resistant tenants like Arby’s continue to garner significant investor interest” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “QSR tenants, like Arby’s, have performed well during COVID-19 due to restrictions placed on indoor restaurants.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $6 billion of single tenant net lease real estate transactions. From 2012-2019, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.comBack