Marcus & Millichap has finalized the sale of a 22-property Arby’s portfolio located in Iowa, Montana, North Dakota, Nebraska and Wisconsin for $35.126 million. This transaction is part of a $52.6-million disposition assignment with 28 properties closed and five currently under contract.
Drew Isaac, Senior Managing Director Investments in Marcus & Millichap’s Denver office commented that “the sale demonstrates market demand for fundamentally strong net-lease investments by portfolio buyers and individual investors.” The opportunity arose when a multi-generational Arby’s franchisee decided to exit the business; all new leases were executed with rent set by historical sales and lease terms based on franchisee agreements before placing the real estate portion of the portfolio on the market. Isaac and Marcus & Millichap’s Brian Bailey represented seller while Jon Ruzicka was broker of record in Iowa, North Dakota and Nebraska; Adam Christofferson in Montana; Todd Lindblom in Wisconsin respectively .
This successful completion showcases an increasing interest from buyers towards net lease investments as well as potential opportunities arising from multi generational franchises exiting their businesses across Midwest region
