Arby's - OFFERING MEMORANDUM - 311 State St | Jeffersonville, OH - Matthews Real Estate ...
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Representative Photo
Arby’s
3 1 1 S tat e S t | J e f f e r s o n v i l l e , O H
™
OFFERING MEMORANDUM
Arby’s, Jeffersonville, OH | 1
e xc l u s i v ely l i s t e d by I n v e s t me n t H i g h l i g h t s
jon prat e r Experienced Franchisee
Associate • 25 years of operating history at this location
Jo n.Prate r@matthe ws.com
D IR (949) 432-45 1 6
MOB (626) 48 3-078 0
Healthy Rent to Sales Ratio
LIC # 0201398 7 (CA) • 8% RTS ideal for Quick Service Restaurants
A ron Clin e Strategically Located
SVP & Sr. Director • Situated off Interstate - 71 with ± 37,00 ADT
Aron.Cline @matth e ws.com
D IR (949) 432-45 09
MOB (8 18 ) 632-023 3
LIC # 01904371 (CA )
La ure n ce Bergm a n
BROKER OF RECORD
LIC # 000348 029 (OH)
™
2 | O f f Photo
Representative ering Memorandum
FINANCIAL OVERVIEW
List Price
A RBY ’S
311 State St
$960,000
Jeffersonville, OH 43128
Annualized Operating Data
Monthly Rent Annual Rent Cap Rate
Current $5,200 $62,400 7.00%
Percentage Rent 2017 $330 $3,964
2017 NOI $5,530 $66,364
Tenant Summary
Lot Size
Tenant Trade Name Arby’s ± 1.15 AC
Type of Ownership Fee Simple
Lease Guarantor Franchisee
Lease Type NNN
Roof and Structure Tenant Responsible
Original Lease Term
Rent Commencement Date
10 Years
8/19/1993
GLA
± 3,369 SF
Lease Expiration Date 8/30/2019
Term Remaining on Lease ± 1.5 Years
Year Built
1994
No. of Locations Year Built
TENANT OVERVIEW ± 3,500 www.arby’s.com
Headquarters
Atlanta, GA
No. of Employees Year Found
± 130,000 1964
Arby’s
Arby’s Fast Crafted restaurant services feature a unique blend of quick-serve speed combined with the quality and made-for- you care of fast casual. Arby’s Restaurant
Group, Inc. is the franchisor of the Arby’s Brand and is headquartered in Atlanta, GA. Arby’s Restaurant Group (ARG) operates the Arby’s fast food chain
popular for its hot roast beef sandwiches. In addition to roast beef sandwiches, its menu features chicken sandwiches, salads, and some dessert items. More than 1,100
Arby’s locations are company-owned, while the rest are franchised.
Arby’s record year
Arby’s had a record year in 2016 and pushed sales over $3.6 billion according to QSR magazine. Arby’s outperformed the quick service industry by 2.3 percentage
points and marked 25 consecutive quarters of SSS growth. The fourth quarter of 2016, marked 11 consecutive quarters of transaction growth and 16 consecutive
quarters of industry performance for the brand. Arby’s plans to continue high volume sales by inking deals with new and exciting Arby’s franchisees for the
development of 167 new restaurants system wide.
Rebranding and remodeling STRATEGY
Arby’s is looking to revitalize its guest experience by remodeling 229 restaurants systemwide in the Inspire design. Arby’s has re-engineered its restaurants to reduce
development costs, expand site selection options, and deliver an upgraded guest experience. Arby’s has improved ROI by stripping out some of the costs of opening
or remodeling a restaurant. The Inspire design reduces development and remodeling costs, increases restaurant efficiency, and is highly adaptable to a wide range
of site opportunities.
4 | Offering Memorandum
s ing
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Cr nter
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Yamada Je Sh
North America
ADT
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37,0
y 71 ±
Hw
Arby’s, Jeffersonville, OH | 5
APN
080-009-0-10-
011-00
Lot Size
± 1.15 AC
(50,094 SF)
GLA
± 3,369 SF
6 | Offering Memorandum
AREA OVERVIEW
J E F F E RS O N V I L L E , O H
Just 35 minutes outside of Columbus, OH, Jeffersonville is a
relaxing village in Fayette County. It was founded in 1831 and has
been gradually growing in population and size ever since. The
village is strategically located 20 minutes away from the Fayette
County Airport and runs along Interstate 71 and state routes 41,
734, and 729.
The Village hosts the “Thrill in the ‘Ville” that is held on the last
weekend of October. People from surrounding cities come to
celebrate with good food, entertainment, and family-friendly
activities.
d e mo g r a phics
POPULATION 3 Mile 5 Mile 7 Mile
2023 Projection 1,805 3,023 5,038
2018 Estimate 1,816 3,052 5,096
2010 Census 1,847 3,134 5,262
HOUSEHOLDS 3 Mile 5 Mile 7 Mile
2023 Projection 760 1,234 2,021
2018 Estimate 756 1,234 2,031
2010 Census 748 1,240 2,065
INCOME 3 Mile 5 Mile 7 Mile
2018 Est. Average
$50,850 $58,154 $63,366
Household Income
Arby’s, Jeffersonville, OH | 7
COLU M B U S, OH
As the capital of Ohio, Columbus is a well-blended mixture of government, industry and the enormous Ohio State University.
There is a strong high tech presence in the city, in addition to other major industries of education, insurance, banking,
fashion, defense, medical research, and hospitality, amongst others. The diverse economic base in Columbus brings it more
economic stability and growth than many of its Rust Belt neighbors. Having been ranked as one of the best places in the
country to operate a business in, Columbus is home to the headquarters of five Fortune 500 companies: Nationwide Mutual
Insurance Company, American Electric Power, L Brands, Cardinal Health and Big Lots.
Efforts to revive the downtown area and inner neighborhoods have been underway with the emergence of sprawling
and attractive residential suburbs just west of the university. These areas have excellent housing, shopping, schools, golf
courses and civic amenities in a layout more spacious, wooded and appealing than many similar cities in the region. Plenty
of employment opportunities in commercial centers are available in and near these suburbs and with the added low cost of
living for the available amenities, Columbus continues to entice those looking to relocate to a more affordable city.
8 | Offering Memorandum
OHIO S TAT E U N IVERS IT Y
Columbus is home to one of the top colleges in the nation with over 45,000 undergraduate and 13,000 graduate
students while being the third largest employer in the state with close to 30,000 employees. Ohio State University
is known for educating successful individuals as they are ranked 10th for awarding degrees to Fortune 500 CEO’s.
The University’s football team has a massive economic impact on the city of Columbus and state as a whole.
Competing in the NCAA Division, each football game brings in about $7.15 million with the majority coming from
their 108,000 seat stadium ticket sales, and the rest from concessions and parking. The popular team attracts
tourists from around the country who spend additional money on hotels, food and attractions.
Arby’s, Jeffersonville, OH | 9
L O C AL AT TR AC T IO NS
O h io S tate Fai r Oh io Th e atre Columbus Zoo and Aquarium
Ohio State Fair is one of the largest fairs in the The Ohio Theatre is a performing arts center in The Columbus Zoo and Aquarium is home to over
United States. This event is held every summer Columbus known as the “Official Theatre of the 7.000 animals representing over 800 species.
for twelve days in Columbus with an estimated State of Ohio”. The famous architect, Thomas W. The zoo has a competitive advantage with their
economic impact of $68.6 million. Lamb, who designed the well-known theatre has 140 acre 18-hole golf course known as the Safari
claimed it as one of his most successful projects. Golf Club. The popular attraction brings in over 2.3
The fair boasts several rides and attractions for million visitors annually.
everyone to enjoy along with delicious food from The Ohio Theatre hosts a variety of artists from
local vendors and live music. The Ohio State Fair classical music to modern dance. The venue is The Zoo operates its own conservation program as
brings in people from all over the country and had one of the busiest performing arts facilities in the well, donating money to outside programs as well
a record breaking number of attendees in 2015 state. as participating in their own conservative efforts.
with over 950,000 fair goers. Over the past five years the zoo has contributes
over $3.3 million to more than 40 projects in 30
countries.
10 | Offering MemorandumC O N F I D E N T I A L I T Y & D I S C L A I M E R S TAT E M E N T
This Of f e r ing Me m o r a n du m co n t a i n s s e l e ct i n form ati on pertai ni ng to the busi ness and affai rs of Arby’s located at 311 State St, Jeffersonville, OH (“Prop erty ”).
It h a s b ee n p r epa r e d by M a t t h e w s Re a l E state Investm ent Servi c es. Thi s O fferi ng Mem orandum may n ot b e all-in clu s ive or con t ain all of t h e
inf orma t io n a p r o s p e ct i v e p u r ch a s e r m a y de si re. The i nform ati on c ontai ned i n thi s O fferi ng Mem oran d u m is con fid en t ial an d fu rn is h ed s olely for t h e
p urp o se o f a r ev ie w by a p r o s p e ct i v e p u r ch aser of the Property. It i s not to be used for any othe r pu rpos e or mad e availab le t o an y ot h er pers on
with o ut t he w r it t e n co n s e n t o f S e l l e r o r M a t thews Real E state Investm ent Servi c es. The m ateri al is b as ed in part u pon in format ion s u pplied b y t h e
Selle r a nd in p a r t u p o n f i n a n ci a l i n f o r m a t i o n obtai ned from sourc es i t deem s rel i abl e. O wner, nor t h eir officers , employees , or agen t s makes an y
represent a t io n o r w a r r a n t y, e x p r e s s o r i m p li ed, as to the ac c urac y or c om pl eteness of thi s O fferin g M emoran d u m or an y of it s con t en t s an d n o
leg a l lia b ilit y is a s s u m e d o r s h a l l be i m p l i e d wi th respec t thereto. Prospec ti ve purc hasers shoul d make t h eir own project ion s an d form t h eir own
con c lusio ns w it hou t r e l i a n ce u p o n t h e m a t e ri al c ontai ned herei n and c onduc t thei r own due di l i ge n ce.
By a c kno w le d g ing y o u r r e ce i p t o f t h i s O f f e r ing Mem orandum for the Property, you agree:
1. T he Of f er in g M e m o r a n du m a n d i t s co ntents are c onfi denti al ;
2. Yo u w ill hol d i t a n d t r e a t i t i n t h e s t r i c test of c onfi denc e; and
3. Yo u w ill no t , di r e ct l y o r i n di r e ct l y, di sc l ose or perm i t anyone el se to di sc l ose thi s O fferi n g M emoran d u m or it s con t en t s in an y fas h ion or
ma nner d e t r i m e n t a l t o t h e i n t e r e s t o f the Sel l er.
Owne r a nd Ma t t h e w s Re a l Es t a t e In v e s t m e nt Servi c es expressl y reserve the ri ght, at thei r sol e d is cret ion , t o reject an y an d all expres s ion s of
inter est o r o f f e r s t o p u r ch a s e t h e P r o p e r t y a n d to term i nate di sc ussi ons wi th any person or enti ty reviewin g t h is Offerin g M emoran d u m or makin g an
o f f er t o p ur c ha s e t h e P r o p e r t y u n l e s s a n d u n ti l a wri tten agreem ent for the purc hase and sal e of the Propert y h as b een fu lly execu t ed an d d elivered .
If y ou w ish no t t o p u r s u e n e g o t i a t i o n s l e a di n g to the ac qui si ti on of the Property or i n the future you d is con t in u e s u ch n egot iat ion s , t h en you agree
to p ur g e a ll ma t e r i a l s r e l a t i n g t o t h i s P r o p e rty i nc l udi ng thi s O fferi ng Mem orandum .
A p r o s p ec t iv e p ur ch a s e r ’s s o l e a n d e xcl u s i v e ri ghts wi th respec t to thi s prospec ti ve transac ti on, th e Propert y, or in format ion provid ed h erein or in
con ne c t io n w it h th e s a l e o f t h e P r o p e r t y s h al l be l i m i ted to those expressl y provi ded i n an exec u t ed Pu rch as e Agreemen t an d s h all b e s u b ject t o
th e t e r ms t her e o f. In n o e v e n t s h a l l a p r o s p ec ti ve purc haser have any other c l ai m s agai nst Sel l er or M at t h ews Real Es t at e I n ves t men t Services or
any o f t heir a f f ilia t e s o r a n y o f t h e i r r e s p e ct ive offi c ers, Di rec tors, sharehol ders, owners, em pl oyee s , or agen t s for an y d amages , liab ilit y, or cau s es
o f act io n r ela t ing t o t h i s s o l i ci t a t i o n p r o ce s s or the m arketi ng or sal e of the Property.
This Of f e r ing Me m o r a n du m s h a l l n o t be de e m ed to represent the state of affai rs of the Property or con s t it u t e an in d icat ion t h at t h ere h as b een n o
ch ang e in t he s t a t e o f a f f a i r s o f t h e P r o p e r t y si nc e the date thi s O fferi ng Mem orandum .
Arby’s, Jeffersonville, OH | 1 1exclusiv ely li s ted by
j o n prat er
Associate
Jon.Prate r@matthe ws.com
DIR (949) 432-45 16
MO B (626) 48 3-078 0
LIC # 0201398 7 (CA)
A r o n Clin e
SVP & Sr. Director
Aron.Cline @matthe ws.com
DIR (949) 432-45 09
MO B (8 18 ) 632-0233
LIC # 01904371 (CA)
L a u r e n ce Bergm a n
BROKER OF RECORD
LIC # 000348 029 (OH)
Arby’s
3 1 1 S tat e S t | J e f f e r s o n v i l l e , O H
12 | Offering Memorandum
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