About This Restaurant
Investment Highlights
Brand New 20-Year Lease | DRM, Inc. (121-Units) | 5% Increases |4 (5-Year) Options Off Signalized, Hard Corner Intersection | Drive-Thru Equipped | Part of Larger Development | Off I-380 Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Local Demographics & Trade Area Within 5-Mile Radius
Executive Summary
? 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
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Fast Food
- Building Size 4,785
- Building Class C
- Year Built 2000
- Price 1,978,000
- Price Per SF 413
- Cap Rate 5.25
- NOI 103,822
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 1.58 AC
Property Taxes
| Parcel Number | 14051-06009-00000 | Improvements Assessment | $602,600 |
| Land Assessment | $998,100 | Total Assessment | $1,600,700 |
| Date Created: | 2024-07-16 04:13:37 | Last Updated: | 2024-07-16 04:13:37 |
| Address: | 2635 Blairs Ferry Rd NE , Cedar Rapids, Iowa, 52402 | ||