4651 W 61st Ave
Hobart, IN 46342
Arbys · Retail Property For Sale

Marcus & Millichap is pleased to exclusively present the fee simple interest in this single-tenant net leased Arby’s located in Hobart, Indiana. Arby’s signed an original 20-year lease in 2004 and has since built up a successful 15-year operating history in this market, continually growing and outperforming the sales from the previous year. The property offers a true absolute net lease, with zero landlord responsibilities. The lease is guaranteed by Miracle Restaurant Group, which has 28 locations across 6 states including Indiana, Illinois, Louisiana, Mississippi, Colorado and Texas. There are currently more than 4.5 years of lease term remaining, with the base term set to expire on June 1, 2024. A future landlord will benefit from the rare 1 percent annual rent increases which provide an ideal hedge against future inflation. The annual increases extend into each of the four, five-year renewal options available as well. Arby’s is positioned perfectly, just off Interstate 65, sharing the exit location with tenants like McDonald’s, Wendy’s, Pizza Hut, Taco Bell and 3 different hotels which provide consistent customer traffic. Interstate 65 is a major thoroughfare that runs north and south through the central United States, connecting the Gulf of Mexico to the Great Lakes. The traffic counts at this particular I-65 exit surpass 107,400 further illustrating how well positioned this Arby’s is and how much daily exposure it has to both Hobart residents and those utilizing the interstate to commute to large surrounding markets such as Merrillville and Crown Point.