June 25, 2025 – Zach Smith and Kyle Danielson of Horvath & Tremblay have successfully completed the sale of an Arby’s in Millington, Tennessee. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,080,000.
Arby’s is located at 8636 US Highway 51 North in Millington, Tennessee. The Property consists of a 2,252 square foot building on a 0.87-acre parcel of land that was constructed in 2021. Arby’s signed a new 20-year triple net lease with four (4), 5-year renewal options upon the close of escrow. The lease features attractive 1.5% rental increases throughout the primary lease term and each of the renewal options. This location is operated by Hungry Pig Restaurant Operations, LLC, a growing franchisee with seven locations and plans to open more in 2026. Arby’s is strategically located at the signalized intersection of US Highway 51 and Veterans Parkway, two of the area’s primary commercial and commuter corridors. The Property enjoys excellent visibility and prominent signage and is surrounded by national retailers and restaurants that drive traffic to the area. Additionally, the Property is close to area schools and residential neighborhoods providing a built-in customer base. The Property is in southwestern Tennessee approximately 17 miles north of Downtown Memphis.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the 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.