OFFERING MEMORANDUM ABSOLUTE TRIPLE NET (NNN) LEASE INVESTMENT OPPORTUNITY 4810 MCKNIGHT RD | PITTSBURGH, PA 15327
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OFFERING MEMORANDUM
Absolute Triple Net (NNN) Lease Investment Opportunity
4810 McKnight Rd | Pittsburgh, PA 15327
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03 INVESTMENT SUMMARY
• Investment Summary
• Investment Highlights
05 AREA OVERVIEW
• Location Map
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• Aerial & Retail Maps
• City Overview
Exclusively Marketed By: Sands Investment Group
10 TENANT OVERVIEW John Cigliano Jennifer D. Stein
• Tenant Profile Lic. # 01944544 Lic. # RM422728
310.853.1353 | DIRECT 213.446.5366 | DIRECT
john@SIGnnn.com jstein@SIGnnn.com
11 LEASE ABSTRACT
• Lease Summary
• Rent Roll © 2018 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum,’ has been obtained from sources believed to be reliable. Sands Investment
Group does not doubt its accuracy, however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the
responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine it’s accuracy and completeness.
Any and all projections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance
these projections, market assumptions and cash flow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potential
interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction.
In Cooperation with JDS Real Estate Services, Inc. – Lic # RB068057
INVESTMENT SUMMARY
OFFERING SUMMARY
PRICE $1,942,857
CAP 5.25%
NOI $102,000
PRICE PER SF $620.32
YEARS REMAINING ~14 Years
LEASE GUARANTY Corporate
PROPERTY SUMMARY
ADDRESS 4810 McKnight Rd
Pittsburgh, PA 15327
COUNTY Allegheny
BUILDING AREA 3,132 SF
LAND AREA 0.50 Acres
3 Actual Property Image
INVESTMENT HIGHLIGHTS
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• Long Term Absolute Triple Net (NNN) Corporately Guaranteed Lease
Investment • Excellent Sales Well Above the National Average for Arby’s
Summary • Recently Extended Lease Shows Tenants Long Term Commitment to the Site
• 7.5% Rental Increases Every 5 Years and At Options
• Upside with Additional Income from Billboard
Absolute • Well Located Within a Strong Retail Corridor Directly Across from a Target Anchored Power
Center and Ross Elementary School
NNN Lease • Strong Demographics with a 3-Mile Population of 72,232 and High Traffic Counts of Over
44 35,000 VPD on McKnight Road
55
LOCATION MAP
AERIAL MAP
Ross Elementary
School
6
57
RETAIL MAP
AERA OVERVIEW
Ross Elementary
School
SUBJECT PROPERTY DEMOGRAPHICS
1 Mile 3 Mile 5 Mile
Population 6,314 72,232 198,309
Average Household Income $92,996 $82,417 $75,791
8
AREA OVERVIEW
PITTSBURGH, PA
ABOUT THE CITY
Pittsburgh is a city in the Commonwealth of Pennsylvania and is the county seat of Allegheny County. As of 2017, a
total population of 305,704 lives within the city limits, making it the 63rd largest city in the U.S.
The metropolitan population of 2,353,045 is the largest in both the Ohio Valley and Appalachia, the second-largest
in Pennsylvania (behind Philadelphia), and the 26th largest in the U.S. Located at the confluence of
the Allegheny, Monongahela, and Ohio rivers, Pittsburgh is known as both "the Steel City" for its more than
300 steel-related businesses, and as the "City of Bridges" for its 446 bridges. Pittsburgh is a vibrant, mid-sized city
that has the feel of a small town. Its approachability can be seen on the faces of its energetic, hard-working and
proud people.
PITTSBURGH, PA
ECONOMY
Today, Google, Apple Inc., Bosch, Facebook, Uber, Nokia, Autodesk, and IBM are among 1,600 technology firms
generating $20.7 billion in annual Pittsburgh payrolls. The area has served as the long-time federal agency
headquarters for cyber defense, software engineering, robotics, energy research and the nuclear navy. The area is
home to 68 colleges and universities, including research and development leaders Carnegie Mellon University and
the University of Pittsburgh. The nation's eighth-largest bank, eight Fortune 500 companies, and six of the top 300
U.S. law firms make their global headquarters in the Pittsburgh area, while RAND, BNY
Mellon, Nova, FedEx, Bayer and NIOSH have regional bases that helped Pittsburgh become the 6th best area for U.S
job growth. The largest employer in the city is the University of Pittsburgh Medical Center with roughly 48,000
employees. All hospitals, outpatient clinics, and doctor's office positions combine for 116,000 jobs, approximately
UNIVERSITY PITTSBURGH MEDICAL CENTER
10% of the jobs in the region.
CULTURE & CONTEMPORARY LIFE
Most recently, Harper's Bazaar named Pittsburgh one of the "Best Places to Travel in 2017." With all of the
outstanding attractions, award-winning restaurants, world-class accommodations and so much more, it comes to no
surprise. Pittsburgh has a rich history in arts and culture dating from 19th century industrialists commissioning and
donating public works, such as Heinz Hall for the Performing Arts and the Benedum Center, home to the Pittsburgh
Symphony Orchestra and Pittsburgh Opera, respectively as well as such groups as the River City Brass Band and
the Pittsburgh Youth Symphony Orchestra. The Pittsburgh Zoo and PPG Aquarium, Phipps Conservatory and
Botanical Gardens, and the National Aviary have served the city for over a century. Pittsburgh is home to the
popular amusement park Kennywood. Pittsburgh's affordable standard of living, top-notch health care facilities and
119
PHIPPS CONSERVATORY cultural attractions combine to make it America's "Most Livable City.”
TENANT OVERVIEW Arby's Restaurant Group, Inc. is the second largest quick-service sandwich
chain in the U.S. with more than 3,400 restaurants in 7 countries. Roark Capital
Group acquired the company in July 2011 and owns 81.5% of the company,
with The Wendy's Company owning the other 18.5%. In addition to its classic
Roast Beef and Beef 'n Cheddar sandwiches, Arby's products also include deli-
style Market Fresh line of sandwiches, Curly Fries and Jamocha Shakes.
There are international locations in four countries outside of the United States:
Canada, Turkey, United Arab Emirates and Qatar.
Arby's was founded in Boardman, Ohio, in July 23, 1964 by Forrest (1922–
2008) and Leroy Raffel (1926), owners of a restaurant equipment business who
believed there was a market opportunity for a fast food franchise based on a
food other than hamburgers. The brothers wanted to call their restaurants "Big
Tex," but that name was already used by an Akron business. Instead, they
chose the name "Arby's," based on R. B., the initials of Raffel Brothers. The
Raffel brothers opened the first new restaurant in Boardman, Ohio, just outside
of Youngstown, on July 23, 1964. They initially served only roast beef
sandwiches, potato chips and soft drinks.
The Arby's brand purpose is Inspiring Smiles Through Delicious Experiences®.
Arby's delivers on its purpose by celebrating the art of Meatcraft™ with a
variety of high-quality proteins and innovative, crave-able sides, such as Curly
Fries and Jamocha shakes. Arby's Fast Crafted® restaurant services feature an
unique blend of quick-serve speed combined with the quality and made-for-
you care of fast casual.
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COMPANY TYPE HEADQUARTERS # OF LOCATIONS MARKET CAP FOUNDED WEBSITE
10 Private Atlanta, GA 3,400+ $2.34 Billion 1964 arbys.comLEASE ABSTRACT
LEASE SUMMARY
TENANT Arby’s
A Building of Approximately
PREMISES
3,132 SF
LEASE COMMENCEMENT December 1, 2016
LEASE EXPIRATION November 30, 2031
LEASE TERM REMAINING ~14 Years
RENEWAL OPTIONS 2 x 5 Years
RENT INCREASES 7.5% Every 5 Years and At Options
LEASE TYPE Absolute Triple Net (NNN)
USE QSR
PROPERTY TAXES Tenant’s Responsibility
INSURANCE Tenant’s Responsibility
COMMON AREA Tenant’s Responsibility
ROOF & STRUCTURE Tenant’s Responsibility
REPAIRS & MAINTENANCE Tenant’s Responsibility
HVAC Tenant’s Responsibility
UTILITIES Tenant’s Responsibility
RIGHT OF FIRST REFUSAL Yes
11
12 Actual Property ImageRENT ROLL
TENANT SQUARE % OF MONTHLY RENT / INCREASE LEASE LEASE
OPTIONS
NAME FOOTAGE TOTAL BASE RENT SF DATES BEGIN END
Arby’s 3,132 SF 100% $8,500 $2.71 7.5% Every 5 Years & At Options 12/01/2016 11/30/2031 2 x 5 Years
Lamar Billboard - - $400 - - 03/01/2017 02/28/2027 -
TOTAL 3,063 SF 100% $8,900 $2.71
12
13CONFIDENTIALLY AGREEMENT
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed
only by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without the
written consent of Sands Investment Group.
This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish
only a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or representation,
with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and
square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the
compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business
prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.
The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Sands
Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conducted
any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness
of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
By receipt of this Memorandum, you agree that this Memorandum and its contents
are of confidential nature, that you will hold and treat it in the strictest confidence and
that you will not disclose its contents in any manner detrimental to the interest of the
Owner. You also agree that by accepting this Memorandum you agree to release
Sands Investment Group and hold it harmless from any kind of claim, cost, expense,
or liability arising out of your investigation and/or purchase of this property.
14Exclusively Marketed By:
John Cigliano
Lic. # 01944544
310.853.1353 | DIRECT
john@SIGnnn.com
Jennifer D. Stein
Lic. # RM422728
213.446.5366 | DIRECT
jstein@SIGnnn.com
Sands Investment Group
2701 Ocean Park Blvd, Suite 140
Santa Monica, CA 90405
844.4.SIG.NNN
www.SIGnnn.com
In Cooperation with JDS Real Estate Services, Inc. – Lic # RB068057 Actual Property ImageYou can also read
