Property Listing No Longer Available for Sale

9975 Hudson Road, Woodbury, MN

Retail for Sale - $2,237,500 - 3,528 Sq. Ft. on 0 acres


Property Info

CIMLS#97319
Location
  9975 Hudson Road
  Woodbury MN 55125
UpdatedMarch 30th, 2011
TypeRetail
Price$2,237,500
Building3,528 Sq. Ft.
Land0 acres

Property Description

This Arby's is located in an incredible retail area near Woodbury Lakes (an upscale retail development with an open-air mall layout that was completed in 2006) and Tamarack Village (Home Depot, Old Navy, Dick's Sporting, Pier 1 Imports, Babies R Us, Jo-Ann Fabric, OfficeMax and more). Woodbury Lakes includes tenants such as Ann Taylor, Banana Republic, Gap, Express, American Eagle, Victorias Secret, Talbots, Trader Joes, DSW Shoes, Michaels and much more. Other retailers located in the immediate area include: Sam's Club, Wal-Mart, Burger King, Chipolte, Ashley Furniture, Chili's and Sportsman's Warehouse.

Based in Atlanta, GA, the RTM entities (RTM, Inc) collectively, RTM Restaurant Group RTM, operates 1,065 restaurants (789 Arby's as of 8/03) in 41 distinct markets. RTM's portfolio of restaurant concepts include Arby's Roast Beef Restaurant's, Lee's Famous Chicken, Mrs. Winner's Chicken & Biscuits, Del Taco Mexican Restaurants, Sbarro, Pasta Connection and TJ Cinnamon's. RTM continues to be the single largest franchised restaurant operator in the world.


Financials

Cap Rate: 8.00%

Net, Net, Net. No landlord responsibilities.

Rent increases every 5 years: The lessor of 5X CPI of previous year or 5% increase in equity portion plus mortgage payment (Please see Lease Agreement)

Lease term: 20 years

Lease commencement: September 2002

Renewal options: Two 5-year options.

Percentage rent: 6% of gross sales exceeding base rent for such year (see lease agreement)



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