KLNB, the leading mid-Atlantic multi-service commercial real estate firm, announced the disposition of a 2,538-square-foot restaurant building in Westminster, Md. currently housing an Arby’s. Peter Snell, Director of Single Tenant Investment Sales, and Sophia Veale of KLNB, represented the seller.

“This a great investment for a buyer looking to break into the greater Washington, D.C. market,” said Snell. “Arby’s historical commitment to the location, in addition to the recent extension of the primary lease term at a higher rental rate, shows the strength of the local market. With zero landlord responsibilities, this Arby’s is an excellent opportunity for a buyer looking for a solid investment with passive income.”

This corporately guaranteed, absolute net leased Arby’s location boasts a track record of 19 successful years in operation. Arby’s recently extended the term of the lease at a higher rental rate with five years remaining on the lease with an additional five-year option. The property is an out parcel of the 620,000 SF TownMall of Westminster, located off North Baltimore Boulevard, the major retail corridor of Westminster.

For more information about KLNB’s retail leasing services, click here.

About KLNB

KLNB is a leading provider of commercial real estate services throughout the mid-Atlantic region. An independently owned and operated commercial brokerage and real estate services firm, KLNB provides a variety of services including tenant and landlord representation, leasing, consulting, investment sales, property management and financing services. More than 87 full-time brokerage professionals work across KLNB’s four offices strategically located throughout the Washington, D.C. / Baltimore region. http://klnb.com