Property Description

Demographics

Rentable Area:

3,842 sf

One Mile

Three Miles

Land Area:

50,965 sf

Population:

4,054

33,348

Year Built:

1998

Households:

1,622

13,938

Parking Spaces:

51 spaces including 2 hcp.

Med H.H. Inc

$64,706

$67,856

Frontage:

170’- Pendleton Pike Rd.

Option Terms

Base Lease Terms

Terms:

Two 5 - year options 

Lessee:

RTM Indianapolis, Inc.

Escalations:

Base Rent Increases the lesser of CPI or 4.0% every two years.

Lease Guarantor:

Arby’s Restaurant Group, Inc.

Traffic Generators

Commencement Date:

Dec. 9, 1997

13,020(2000) Pendleton Pike at Oaklandon Road

The immediate vicinity surrounding the Pendleton Pike Arby’s is made up of mainly single family housing.  Therefore, there exist several schools and residential development projects (to the northeast), however, there is not one real traffic draw other than Pendleton Pike being a main through-fare to Interstate 465. 

Expiration Date:

May 1, 2018

Term:

Initial term 20 years. 10+ years remaining. 

Annual Base Rent:

$80,942.86

Escalations:

Base Rent Increases the lesser of CPI or 4.0% every two years.  Next increase May 2010

Landlord Responsibilities:

None

Tenant Responsibilities:

Absolute NNN

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Aerial View

Area Map

Building & Site Analysis

Single story building with drive-thru lane, made of brick and effice with rubber membrane roof.

Concrete paved parking lot with concrete curbs and sidewalks; minor landscaping in front of property.

Neighborhood Analysis

Intersection of Pendleton Pike Parkway and Oaklandon Road.  Pendleton Pike Parkway is the major northeast/southwest thru-fare and retail corridor.  From the subject property, it stretches southwest for approximately 5 miles until I-465 is reached.  Development is abundant along this particular stretch of Pendleton Pike.  The older development is closer to the Interstate with the newer development occurring in and around the property.  Oaklandon Road is a north/south travelway that serves mostly residential neighborhoods.  Some light industrial property exists within a short distance of the property.

About Arby’s

Arby’s Restaurant Group, Inc. is a subsidiary of Wendy’s/Arby’s Group, Inc. Wendy’s/Arby’s Group, Inc. is the nation’s third largest quick service restaurant company and is comprised of the Wendy’s® and Arby’s® brands, two companies distinguished by traditions of quality food and service. The company, with approximately $12 billion in system-wide sales, owns or franchises over 10,000 restaurants. Wendy’s/Arby’s Group trades on the New York Stock Exchange under the symbol WEN. Arby's is a fast food restaurant franchise in the United States and Canada that is primarily known for selling roast beef sandwiches, chicken sandwiches, potato cakes, curly fries, jamocha milkshakes and chicken strips. The company's target market attempts to be more adult-oriented than other fast food restaurants. The Arby's menu also includes appetizers, salads, Market Fresh (deli-style) sandwiches, wraps, and submarine sandwiches. However, their focus has always been roast beef. Arby's currently uses the slogan "I'm thinkin' Arby's."