Arby’s | Corporate Abs-NNN Lease | High-Performing Location
2453 Stringtown Rd, Grove City, OH 43123
Price: $2,292,000
Status: Available
Cap Rate: 6.0%
Year Built: 1978 / Renovated 2018
NOI: Contact Broker
Lot Size: 0.80 acres
Price Per Foot: $594
Lease Type: Absolute Triple-Net (NNN)
Remaining Term: 7 Years
GLA: 3,857 sqft
Property Intro
Lee & Associates is pleased to exclusively offer for sale the fee simple interest in a corporate Arby’s located at 2453 Stringtown Road in Grove City, Ohio, within the Columbus MSA. The property consists of a 3,857-square-foot standalone quick-service restaurant with a drive-thru situated on approximately 0.80 acres. The property is leased to RTM Operating Company, LLC and backed by a corporate guaranty from Arby’s Restaurant Group, Inc. under an absolute net lease with no landlord responsibilities.
Arby’s is a nationally recognized quick-service restaurant brand and the flagship brand of Inspire Brands, whose portfolio also includes Dunkin’, Sonic, Buffalo Wild Wings, Jimmy John’s, and Baskin-Robbins. Arby’s operates more than 3,200 locations across seven global markets and reported approximately $4.4 billion in 2025 revenue with more than 80,000 employees. The Grove City location is a strong-performing unit, ranking within the top 11% of Arby’s locations nationwide and top 15% in Ohio according to Placer.ai. The tenant’s recommitment to a new 15-year lease beginning in 2018 further demonstrates its long-term commitment to this established location.
The property is strategically positioned along Stringtown Road in Grove City’s primary retail corridor, with convenient access to I-71 and I-270 and approximately nine miles from downtown Columbus. The surrounding trade area includes major national retailers such as Kroger, Walmart, Target, TJ Maxx, Aldi, CVS, Walgreens, and numerous restaurant and service concepts. More than 149,000 residents and 54,000 employees are located within five miles of the property, with an average household income of approximately $98,600. The location also benefits from the strength of the Columbus MSA, a growing Midwest market with more than 2.2 million residents, a diversified employment base, and five Fortune 500 headquarters.