1333 Edgewood Rd SW - Restaurant FOR SALE


Cedar Rapids, IA 52404
$2,250,000 USD
470-344-2586
1333 Edgewood Rd SW, Cedar Rapids, IA for Sale
$2,250,000 USD
Restaurant - FOR SALE
1/8
null | 5.75% Cap Rate

1333 Edgewood Rd SW
Cedar Rapids, IA 52404


HIGHLIGHTS

  • Brand New 20-Year Lease | DRM, Inc. (121-Units) | 5% Increases |4 (5-Year) Options
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Fronting Edgewood Road SW | Surrounding National Retailers | Drive-Thru Equipped | Residential Consumer Base
  • Local Demographics & Trade Area Within 5-Mile Radius

OVERVIEW

• The tenant recently signed a brand new 20-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to this location • The lease features 5% rental increases every 5 years throughout the initial term • Founded in 1964, Arby’s is among the largest QSR sandwich chains with over 3,500 operating restaurants

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$699 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's - Cedar Rapids, IA (Edgewood)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,839 SF

ZONING

Commercial

APN/PARCEL ID

14303-56011-00000

ASK ABOUT THIS PROPERTY

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.