NET LEASED INVESTMENT OFFERING

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Arbys (Ground Lease)
8720 Manchester Road
Brentwood, MO 63144 (St. Louis MSA)
NET LEASED INVESTMENT OFFERING
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TABLE OF CONTENTS
TABLE OF CONTENTS
1) Confdentiality & Disclaimer
2) Executive Summary
3) Property Overview
4) Aerials
5) Site Plan
6) Maps
7) Tenant Profle
8) Demographic Comparison Report
9) Location Overview
10) Contact Information
NET LEASED INVESTMENT OFFERING
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The information contained in the following Offering Memorandum is proprietary and strictly confdential. It is intended to
be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person
or entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide
summary, unverifed information to prospective purchasers, and to establish only a preliminary level of interest in the
subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The
Boulder Group has not made any investigation, and makes no warranty or representation. The information contained
in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group
has not verifed, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any
investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy
or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the
information set forth herein.
CONFIDENTIALITY & DISCLAIMER
CONFIDENTITALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
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The Boulder Group is pleased to exclusively market for sale a single tenant net leased Arbys ground lease property
located within the St. Louis MSA. The property is located within a strong retail corridor along Manchester Road, a primary
east-west thoroughfare. There are over ten years remaining on the Arbys ground lease that expires on November 14,
2024. The lease features 10% rental escalations every fve years. The lease is guaranteed by the largest Arbys franchisee,
US Beef Corporation, which operates over 320 locations.
The 43,562 square foot Arbys property is located along Manchester Road, a primary east-west thoroughfare that experiences
traffc counts in excess of 20,000 vehicles per day. Manchester Road runs parallel with Interstate 64 connecting the city of
St. Louis with its western suburbs. The surrounding area is densely concentrated with commercial buildings providing high
barriers to entry. Additionally, the property is located less than one and one-half miles from the intersection of Interstate
64 and Interstate 170, which experiences traffc counts in excess of 300,000 vehicles per day. The surrounding area is
densely populated with over 107,000 people living within a three mile radius earning average annual household incomes
in excess of $93,000. The Arbys is an outparcel to an Offce Depot and Ace Hardware anchored center. The property is
located approximately one and one-half miles from the Saint Louis Galleria, a 1.2 million square foot mall that is anchored
by Apple, Nordstrom, Macys, and Dillards. Additional retailers located nearby include Whole Foods, Target, Walmart
Supercenter, Sams Club, Lowes, Home Depot and Schnucks.
The Arbys ground lease has over ten years remaining and features 10% rental escalations every fve years. There are four
5-year renewal option periods. The lease is guaranteed by US Beef Corporation, the largest Arbys franchisee with over
320 locations.
INVESTMENT HIGHLIGHTS
Located within the St. Louis MSA
Long term ground lease with over 10 years remaining
10% rental escalations every fve years
No landlord responsibilities
Recent construction (2009)
Guaranteed by US Beef Corporation, Arbys largest franchisee with over 320 locations
Located along Manchester Road, a primary east-west thoroughfare
with traffc counts in excess of 20,000 VPD
Surrounding area is densely concentrated with commercial buildings
providing high barriers to entry
Close proximity to the Interstate 64 & Interstate 170 interchange
(300,000 VPD)
Located approximately one and one-half miles from the Saint Louis
Galleria, a 1.2 million square foot mall that is anchored by Apple,
Nordstrom, Macys, and Dillards
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
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PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $1,355,357
Cap Rate: 5.60%
Rent Schedule: NOI Escalation Date
$75,900
$83,496 11/14/2019
$91,872 11/14/2024 (Option 1)
$101,064 11/14/2029 (Option 2)
$111,180 11/14/2034 (Option 3)
$122,304 11/14/2039 (Option 4)
Rental Escalations: 10% Every Five Years
Renewal Options: Four 5-Year
Lease Commencement Date: November 14, 2009
Lease Expiration Date: November 13, 2024
Tenant: Arbys
Guarantor: US Beef Corporation (320 Locations)
Year Built: 2009
Lease Type: Ground Lease
Building Size: 2,812 SF
Land Acreage: 43,562 SF
NET LEASED INVESTMENT OFFERING
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AERIALS
AERIALS
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NET LEASED INVESTMENT OFFERING
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AERIALS
AERIALS
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SITE PLAN
SITE PLAN
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NET LEASED INVESTMENT OFFERING
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MAPS
MAPS
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Arbys Restaurant Group, Inc. is the second largest quick-service sandwich chain in the U.S. with more than 3,400
restaurants system wide. Roark Capital Group acquired the company in July 2011 and owns 81.5% of the company, with
The Wendys Company owning the other 18.5%. In addition to its classic Roast Beef and Beef n Cheddar sandwiches,
made in store daily, Arbys is also known for its deli-style Market Fresh line of sandwiches and salads, Curly Fries and
shakes. Arbys operates in 48 states throughout the United States of America and Canada, Qatar, and Turkey. Its
headquarters are in Sandy Springs, Georgia.
Website: www.arbys.com
Number of Locations: 3,400+
Headquarters: Sandy Springs, GA
Parent Company: Roark Capital Group & The Wendys Company
US Beef owns and operates over 320 Arbys famous roast beef restaurants in the eight contiguous Midwest states of
Oklahoma, Arkansas, Kansas, Illinois, Colorado, Missouri, Idaho, and Wyoming. Since the Davis family opened their frst
Arbys in 1969 in Tulsa, United States Beef Corporation has expanded rapidly and is recognized and acclaimed as one of
the top performing franchise restaurateurs in the industry. US Beef is headquartered in Tulsa, Oklahoma.
Website: www.usbeefcorp.com
Number of Locations: 320
Headquarters: Tulsa, OK
TENANT PROFILE
TENANT PROFILE
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DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT
Population 1-mi 3-mi 5-mi
Total Population 11,883 107,060 300,260
Total Households 5,329 47,432 135,263
Income
Median Household Income $61,958 $58,391 $51,578
Average Household Income $86,187 $93,020 $81,207
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Brentwood is a thriving community located in the heart of St. Louis County, just south of the
County seat, Clayton, Missouri and one and one-half miles west of the City of St. Louis. Brentwood
is just minutes from area attractions such as Forest Park, the St. Louis Science Center, the St.
Louis Art Museum and the world renowned St. Louis Zoo. Brentwood is also in close proximity to Interstate 170, Interstate
44, and Interstate 64. As of the 2010 US Census, the city of Brentwood had a population of 8,055.
www.brentwoodmo.org
St. Louis is a city in eastern Missouri located along the Mississippi River. The St. Louis metropolitan area,
known as Greater St. Louis, includes the city as well nearby areas in Missouri and Illinois and is among the
20 largest metropolitan areas in the United States with a population of 2,900,605.
The economy of St. Louis relies on service, manufacturing, trade, transportation of goods, and tourism. The city is home to
several major corporations, including Express Scripts, Emerson Electric, Monsanto, Anheuser-Busch, Reinsurance Group
of America, Centene, Peabody Energy, Ameren, Graybar Electric, Enterprise Rent-A-Car and Edward Jones Investments.
www.stlouis-mo.gov
LOCATION OVERVIEW
LOCATION OVERVIEW
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CONTACT INFORMATION
CONTACT INFORMATION
666 Dundee Road, Suite 1801
Northbrook, IL 60062
Randy Blankstein
President
847.562.0003
randy@bouldergroup.com
Jimmy Goodman
Partner
847.562.8500
jimmy@bouldergroup.com