Arby’s NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence

Arby’s

Last Year Cap

5.8%

This Year Cap

6.3%

Cap Change

0.4%

Last Year Rating

B+

This Year Rating

B+

Rating Change

No change

Arby’s – NNN Cap Rate Trend

Cap Rate Trends

wdt_ID wdt_created_by wdt_created_at wdt_last_edited_by wdt_last_edited_at Tenant Year Cap Rate
5779 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,020 6.5
5780 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,021 6.3
5781 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,022 6.0
5782 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,023 6.3
5783 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,024 6.6
5784 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,025 6.6
Tenant Year Cap Rate

Credit (what net-lease buyers care about)

Credit Snapshot

Arby’s

Cap Rates NNN
Last Year 5.8%
This Year 6.3%
Change 0.4%
S&P Rating CREDIT
Last Year B+
This Year B+
Change No change

Arby’s Net Lease: Secure, Essential Investment

Arby’s is a nationally recognized quick-service restaurant brand and a common net lease tenant. This guide reviews cap rates, lease terms, tenant profile, and key due diligence considerations for buyers and sellers.

For 1031 exchange buyers, Arby’s Ground Lease Properties are important to compare against fee simple Arby’s assets, as lease structure can materially impact pricing, financing, and long-term resale value.

Investors often target Arby’s assets for:

  • Stable Income Potential
  • Strong Quick-Service Restaurant Demand
  • Established Brand Recognition
  • Attractive 1031 Exchange Compatibility

Arby’s Ground Lease Properties require close comparison of rent escalations, remaining lease term, extension options, and residual land value versus fee simple ownership.

Arby’s Ground Lease Properties for 1031 Exchange Buyers

Arby’s Ground Lease Properties often trade differently than fee simple Arby’s assets. Buyers should carefully evaluate lease structure, remaining term, renewal options, landlord responsibilities, and reversionary land value to understand long-term risk and return.

Arby’s – Credit Trend (S&P vs Moody’s)

Tenant_Rating_Trend

wdt_ID wdt_created_by wdt_created_at wdt_last_edited_by wdt_last_edited_at TenantKey Tenant Year Moody SP Moody_Grade SP_Grade Moody_GradeRank SP_GradeRank
1 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2022 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
2 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2023 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
3 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2024 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
4 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2025 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
5 admin2 2025 03:43 PM admin2 2025 03:43 PM 99centsonlystoresllc 99 Cents Only Stores, LLC 2022 Caa2 CCC+ Substantial Risk Substantial Risk 2 2
TenantKey Tenant Year Moody SP Moody_Grade SP_Grade Moody_GradeRank SP_GradeRank

Arby’s Investment Market Statistics

AVERAGE SALE PRICE

$3,500,000

BUILDING SIZE

2,200 – 5,000 SF

AVERAGE NOI

$200,000

LAND

0.60 – 1.50 Acres

$/SF RANGE

$800 – $1,400

LEASE TERM SHOWN

20 years

Arby’s Investor Snapshot (Quick Facts)

Origins & Growth (Past)

  • Founded as Arby’s in 1964 in Ohio
  • Focused on roast beef sandwiches as a differentiated QSR concept
  • Expanded steadily through franchising and corporate development
  • Established a nationwide restaurant footprint
  • Introduced diverse menu offerings beyond roast beef (chicken, deli-style sandwiches, sides)
  • Strengthened brand through marketing and product innovation
  • Became a leading player in the U.S. quick-service restaurant sector

Where Arby’s Stands Today

  • Large U.S. footprint with international presence
  • Established player in the quick-service restaurant (QSR) sector
  • Consistent customer traffic driven by value and menu variety
  • Primarily franchise-driven operating model
  • Expanded menu offerings across multiple food categories
  • Growth in digital ordering and delivery channels
  • Focus on operational efficiency and margin improvement

Where Arby’s Stands Today

  • Expanded menu innovation
  • Increased operational efficiency
  • Digital ordering and delivery growth
  • Stronger customer engagement and loyalty focus
  • Optimized restaurant formats and layouts
  • Growth in off-premise dining (drive-thru, takeout, delivery)
  • Steady demand supported by QSR industry trends

Why investors buy Arby’s NNN Properties or Arby’s ground Lease Properties?

Pros (what buyers like)

  • Arby’s brand strength
    Nationally recognized quick-service restaurant with long operating history and consistent unit-level performance
  • Strong QSR demand
    Quick-service dining drives repeat customer visits and steady traffic across economic cycles
  • Prime retail locations
    Many sites are positioned on hard corners, signalized intersections, and high-traffic corridors
  • Attractive lease structures
    Long-term NNN or ground leases are common, appealing to passive and 1031 exchange buyers

Cons (what can bite you)

  • Lease structure variability
    Some deals are NN or modified NNN, with landlord responsibility for roof, structure, or site components
  • Franchisee credit risk
    Lease guarantor strength may vary depending on the operator rather than the corporate brand
  • Flat or limited rent growth
    Rent escalations may be minimal or tied to option periods
  • Re-tenanting risk
    Single-tenant QSR layouts can limit reuse if the property becomes vacant

Find out more

Arby’s Background & History

Arby’s is a national quick-service restaurant brand best known for its roast beef sandwiches and diverse menu offerings. What began as a single restaurant concept evolved into a well-recognized QSR platform focused on quality meats, fast service, and convenient dining options.

Over time, the brand built a strong nationwide footprint and expanded beyond its core menu. Today, customers rely on Arby’s locations for sandwiches, sides, and quick meals that fit into everyday routines, supported by dine-in, drive-thru, and takeout formats.

As consumer preferences shifted toward convenience and speed, the brand adapted through menu innovation, drive-thru efficiency, and operational improvements that support high transaction volumes.

Why Arby’s Matters to NNN Investors

Today, Arby’s operates a large network of restaurants across the United States, serving consistent customer traffic. The business model is centered on repeat visits, value-driven dining, and locations positioned along high-traffic corridors and retail trade areas.

Many locations benefit from drive-thru service, which helps drive steady traffic and supports off-premise dining trends. In addition, the brand continues investing in menu expansion, digital ordering, and delivery platforms to strengthen unit-level performance.

This focus on quick-service dining helps explain why Arby’s remains relevant even as consumer behavior evolves. Operators continue adapting restaurant formats and operations to align with changing dining preferences and convenience trends.

What Buyers and Sellers Should Evaluate

For investors evaluating Arby’s NNN properties, an Arby’s net lease, or an Arby’s ground lease, the investment thesis is typically centered on strong real estate fundamentals supported by QSR demand. As a result, buyers often place greater emphasis on lease structure, site quality, and operator strength than on brand recognition alone.

Common searches include Arby’s real estate, Arby’s cap rate, Arby’s lease term, Arby’s tenant credit, and franchise vs. corporate store performance. Ultimately, Arby’s net lease value is driven by site-specific factors, lease economics, and how the location fits within the brand’s broader network.

As consumer habits continue to evolve, the strongest Arby’s locations tend to be those that remain competitive within their trade areas. Buyers and sellers should therefore evaluate each property individually, including access, visibility, traffic counts, surrounding population, drive-thru functionality, competition, and lease language that defines landlord responsibilities.

In addition, investors should consider long-term cash-flow durability, tenant or franchisee credit strength, and how the asset may perform across different hold periods and exit strategies.

our team of experts are here for you

Our team helps investors evaluate NNN properties with practical, market-based guidance. In addition, we support buyers and sellers with lease review, pricing analysis, and due diligence strategy.

Whether you are comparing Arby’s ground lease properties or fee simple Arby’s assets, we can help you review the details that affect risk and long-term value. As a result, clients can make more confident decisions based on lease structure, location quality, and investment goals.

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