2635 Blairs Ferry Rd NE - Fast Food FOR SALE


Cedar Rapids, IA 52402
$1,887,000 USD
470-344-2586
2635 Blairs Ferry Rd NE, Cedar Rapids, IA for Sale
$1,887,000 USD
Fast Food - FOR SALE
1/8
null | 5.5% Cap Rate

2635 Blairs Ferry Rd NE
Cedar Rapids, IA 52402


HIGHLIGHTS

  • Brand New 20-Year Lease | DRM, Inc. (121-Units) | 5% Increases |4 (5-Year) Options
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Off Signalized, Hard Corner Intersection | Drive-Thru Equipped | Part of Larger Development | Off I-380
  • 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

$1,887,000 USD

PRICE/SF

$394 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's - Cedar Rapids, IA (Blairs Ferry)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

S-MR

APN/PARCEL ID

14051-06009-00000

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.