CAP Rate: 5.5%
Lease Type: Absolute Net
Gross Leasable Area: 1,790 SF
Year Built: 2021
- Brand-New Arby’s Prototype with Double Drive-Thru
- New Fifteen-Year Lease Executed Upon Close of Escrow
- Lease Guaranteed by Fast-Growing Central Texas Arby’s Franchisee with Fantastic Footprint
- Franchisee Has Above-Average Store Sales Across Portfolio
- Well-Situated Asset on Main Kerrville Thoroughfare
The Diffie Retail Team at Marcus & Millichap is pleased to present this brand-new, 2021 construction Arby’s prototype double drive-thru location in Kerrville, Texas. The new location will come with a fresh fifteen-year lease, backed by a fast-growing central Texas Arby’s franchisee, to be executed at the close of escrow. The subject property allows an investor to get in on the ground floor with a well-capitalized, successful, growing franchisee with ten units in operation that routinely perform above the national average and several additional locations already under construction.
This Arby’s location is positioned on Junction Highway, a major artery through Kerrville, and is surrounded by many national tenants, including Whataburger, Popeyes, and Chick-fil-A. Kerrville is one of the strongest markets for QSR locations in central Texas, with units that routinely outperform surrounding markets. Sporting a robust population of almost 25,000, Kerrville has been named one of the wealthiest small towns in America by the Wall Street Journal and is home to Schreiner University, one of the top regional liberal arts colleges in Texas.