715 Doris Dr - Restaurant FOR SALE
Evansdale, IA 50707 |
715 Doris Dr
Evansdale, IA 50707
HIGHLIGHTS
- Absolute NNN Lease with Zero Landlord Responsibilities | Over 17 Years Remaining Lease Term with Two Five-Year Options
- Guaranteed by Tasty Kings LLC, a 68-Unit Franchisee/Operator Owned by Tasty Restaurant Group with over 400 Restaurants in 21 States
- Rental Escalations of 7.5 Percent Every Five Years During Base Term and Options to Hedge Against Inflation
- Located in Evansdale, Iowa, in the Cedar Falls-Waterloo MSA, Approximately 35 Miles Northeast of Cedar Rapids
- Situated Near the Corner of Evansdale Dr. and Gilbertville Road with Combined Traffic Count of 11,700 Vehicles Per Day
- Demographics Include 5,200 People in a Two-Mile Radius and 32,600 People within 5 Mile Radius, with Average Household Income of Over $66,000 Annually
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Burger King
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food
TOTAL BUILDING SIZE
3081
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
8812-04-377-006
