400 Evansdale - Fast Food FOR SALE


Evansdale, IA 50707
$1,455,000 USD
470-344-2586
400 Evansdale, Evansdale, IA for Sale
$1,455,000 USD
Fast Food - FOR SALE
1/8
null | 5.6% Cap Rate

400 Evansdale
Evansdale, IA 50707


HIGHLIGHTS

  • 18+ Years Remaining | DRM, Inc. (121-Units) | 5% Increases |4 (5-Year) Options
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Off I-380 | Proximity to Downton Waterloo & Downtown Evansdale | Drive-Thru Equipped
  • Local Demographics & Trade Area Within 5-Mile Radius

OVERVIEW

• The tenant has over 18 years remaining 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 3,600 operating restaurants

FOR SALE DETAILS

PRICE

$1,455,000 USD

PRICE/SF

$523 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's - Evansdale IA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,130 SF

ZONING

C-2

APN/PARCEL ID

8812-04-376-010

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.