335 E Evans St - Fast Food FOR SALE


Williamsburg, IA 52361
$1,999,999 USD
470-344-2586
335 E Evans St, Williamsburg, IA for Sale
$1,999,999 USD
Fast Food - FOR SALE
1/7
null | 5.82% Cap Rate

335 E Evans St
Williamsburg, IA 52361


HIGHLIGHTS

  • Brand New 20-Year Lease | DRM, Inc. (121-Units) | 5% Increases | 4 (5-Year) Options
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Directly Off I-80 | Outlets & Marketplace Williamsburg Outparcel |Limited QSR Competition | Drive-Thru Equipped | Top Arby’s Location
  • 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

$1,999,999 USD

PRICE/SF

$826 USD /SF

CAP RATE

5.82%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's - Williamsburg IA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

C-1

APN/PARCEL ID

0634-0305-3

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.