May 4, 2022 – Steven Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of an Arby’s in Roseville, Michigan. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,040,380.
Arby’s is located at 15195 E Twelve Mile Road in Roseville, Michigan. Arby’s has been at this location for more than 15 years and signed a new, 10-year, lease at the Property in 2017 after substantially renovating the building. The absolute triple-net lease currently has 5+ years of term remaining plus four (4), 5-year renewal options. Both the initial term and renewal terms include attractive rent increases. The Arby’s lease is corporate guaranteed. The Property is exceptionally well located at the signalized intersection of Twelve Mile Road and Hayes Road and is located across the street from the Macomb Community College (the college has a total enrollment of appx 16,700) and is within 3-miles of seven (7) area public schools (High, Middle, and Elementary). Additionally, the Property is seconds from the area’s commercial and manufacturing zone, which is home to more than 75 companies. The Property enjoys convenient access to Interstates 696 and 94 and is 2-miles from the Ascension Macomb-Oakland Hospital.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.