February 16, 2024 – Kyle Danielson of Horvath & Tremblay has successfully completed the sale of an Arby’s in La Vale, Maryland. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $3,524,000.
Arby’s is located at 1206 National Highway in La Vale, Maryland. Arby’s has a new 20-year Absolute NNN Lease with two (2), 5-year renewal options. The lease features attractive 7% rent increases every five years throughout the primary lease term and at the start of each renewal option. The location is operated by KBP Inspired, LLC, a wholly owned subsidiary of KBP Brands. The Property is located adjacent to a CVS at the signalized intersection of Campground Road and National Highway, the area’s primary commercial and commuter corridor, and is seconds from Interstate 68. The Property benefits from outstanding visibility and frontage and is surrounded by national retailers that drive traffic to the area. Additionally, the Property is positioned in between Cumberland (5-miles away) and Frostburg (6-miles away), the area’s two largest cities and is approximately 10-minutes from Frostburg State University and Allegany College of Maryland Cumberland.
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.