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3391 Madison Pike, Fort Wright, KY, 41017

Arby’s
$636,364

Key Information

Cap Rate
5.5%
$ per SF
$229
Tot. SF
2,770
Lot Size
0.66 Acres
Year Built
1993
Term Remaining
± 2.3 Years
Type
Retail
Occupancy
100%
NOI
$35,000

Highlights

  • Extremely Low, Below-Market Rent: The in-place rent of $35,000 annually is significantly below market, creating opportunity while limiting downside & default risk.
  • Dense and Supportive Demographics: The property benefits from a population of approximately 190,000 residents within a five-mile radius, supporting consistent demand for quick-service dining and reinforcing long-term site viability.
    • Immediate Access to I-275, which sees 110,000+ VPD
    • Adjacent to Walmart Supercenter, drawing 20,000+ visitors per day
  • Experienced Multi-Unit Franchisee: The asset is operated and guaranteed by Restaurant Management, Inc., a 68+ unit franchisee, providing experienced operational oversight and the support of a scaled, proven platform.
  • Absolute NNN Ground Lease Structure: The lease is structured as an absolute NNN ground lease, with the tenant responsible for all operating expenses, including roof and structure, ensuring passive ownership with zero landlord management responsibilities.
  • Contractual Rent Escalations: The lease includes scheduled rental increases of $5,000 every five years (between 9–14%), providing significant income growth throughout the option periods.
    • 14% rent increase on 08/01/28 at option, boosting the effective yield to 6.3%

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 239410, 221925 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203