3601 W State Road 46
Bloomington, IN 47404

Arby’s has a brand new 20-year Absolute NNN lease with attractive 5% rental escalations every 5 years and four 5-year renewal options. The tenant, Heartland Beef, Inc. is the 15th largest Arby’s franchisee with 37 units in Illinois, Indiana, Iowa, Ohio & Missouri. This asset has been successfully open and operating for decades with an attractive 5.74% rent-to-sales ratio (prior to remodel – well about Arby’s national average!). The tenant invested +$550,000 in December 2019 fully remodeling the store and sales are up 25% since completion! Arby’s is located Bloomington, Indiana on a large +1.11 acre lot, with excellent drive-by visibility – just off the hard corner of SR 46 an North Smith Pike. Nearby retailers include: Tractor Supply, Dollar General, Family Dollar, IGA, True Value, Napa Auto Parts, O’Reilly Auto Parts & CVS; Bloomington has retailers such as Walmart Supercenter, Target, Kohl’s, Sam’s Club, Menards, Lowe’s Home Improvement, Rural King, Bed Bath & Beyond, Best Buy, Macy’s, Dick’s Sporting Goods, Tuesday Morning, Big Lots, Dollar General, Goodwill, Michael’s, PetSmart, Petco, Office Depot, T.J. Maxx, Old Navy, Five Below, Fresh Thyme Farmers Market, AMC Classic, etc. The subject location is 5 miles from Indiana University Health Hospital (364 beds), 4.5 miles from Indiana University Bloomington (enrollment of 43,260), and 4 miles from Ivy Tech Community College Bloomington (enrollment of 5,808). *In Association with Indiana Local Broker: Michael Ofsansky, Michael Ofsansky Realtors #RB14011709