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Arby's 2415 Bay Area Blvd 3,500 SF Retail Building Houston, TX 77058 $3,355,295 CAD ($958.66 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Long-Term, Strong Franchisee NN Lease: Sun Holdings is the operator they currently operate 229+ Arby’s restaurants
- Strategic, High-Traffic Location: Bay Area Blvd frontage with ±28,000 VPD, near major retail and employment hubs
- Top Performing Location: Per Placer.ai, this Arby’s location ranks as the 8th most-visited Arby’s in Texas
- Regional Demand Drivers & Commercial Density: Anchored by NASA Johnson Space Center, UHCL, and healthcare and aerospace employers
Executive Summary
Arby's (the “Property”) is a freestanding retail building located on Bay Area Boulevard in Houston, Texas. The Property is situated as an outparcel within University Plaza, a shopping center that includes national/regional tenants such as Goodwill and Dollar Tree among others. This location offers excellent visibility, strong traffic counts, and synergy with surrounding retailers.
The Property comprises approximately 3,500 square feet and is 100% leased to Arby’s, a nationally recognized quick-service restaurant brand known for its strong operating history and loyal customer base. The tenant is operating under a recently executed five-year triple net lease, providing stable, passive income with minimal landlord responsibilities. The lease includes one additional five-year renewal option, featuring a 10 percent rental increase at the option period, offering built-in income growth and long-term stability.
According to Placer.ai, Arby’s location is ranked as the eighth most visited in Texas and is in the top half percent of Arby’s stores nationwide. This performance reflects strong brand recognition and customer engagement. This offering represents a compelling opportunity to acquire a stabilized single tenant retail asset with a long-term lease in place, backed by a dynamic and growing national operator.
The Property comprises approximately 3,500 square feet and is 100% leased to Arby’s, a nationally recognized quick-service restaurant brand known for its strong operating history and loyal customer base. The tenant is operating under a recently executed five-year triple net lease, providing stable, passive income with minimal landlord responsibilities. The lease includes one additional five-year renewal option, featuring a 10 percent rental increase at the option period, offering built-in income growth and long-term stability.
According to Placer.ai, Arby’s location is ranked as the eighth most visited in Texas and is in the top half percent of Arby’s stores nationwide. This performance reflects strong brand recognition and customer engagement. This offering represents a compelling opportunity to acquire a stabilized single tenant retail asset with a long-term lease in place, backed by a dynamic and growing national operator.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,500 SF
Building Class
C
Year Built
1979
Price
$3,355,295 CAD
Price Per SF
$958.66 CAD
Cap Rate
5.50%
NOI
$184,541 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.57
Lot Size
0.14 AC
Parking
20 Spaces (5.71 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1347690010001 | Improvements Assessment | $12,878,362 CAD |
| Land Assessment | $4,993,160 CAD | Total Assessment | $17,871,522 CAD |
Property Taxes
Parcel Number
1347690010001
Land Assessment
$4,993,160 CAD
Improvements Assessment
$12,878,362 CAD
Total Assessment
$17,871,522 CAD
Contacts
-
Brandon Beeson -
Kevin Holland -
John David Cobb -
Claire Schmeltekopf -
EDGE Capital Markets
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Arby's | 2415 Bay Area Blvd
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