May 31, 2022 – Hobart Hare and Daylan Skidmore of Horvath & Tremblay have successfully completed the sale of an Arby’s in Chester, South Carolina. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,615,000.
Arby’s is located at 1622 JA Cochran Bypass in Chester, South Carolina. The new construction Arby’s was completed in 2020 and the absolute triple-net lease has 18+ years of term remaining plus four (4), 5-year renewal options. Both the initial term and renewal terms include an attractive 5% rent increase every five years. The Arby’s is operated by a strong franchisee with more than 60 locations. The Property is well located along JA Cochran Bypass (SC Route 9) and enjoys excellent visibility, frontage and access along the area’s primary commercial corridor, which is home to the area’s retailers and businesses. The Property is situated in between the Chester Commons, anchored by Walmart Supercenter and a Food Lion, the town’s two grocery stores. Arby’s is less than 2-miles from the Chester Regional Medical Center and three area schools.
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.