Arby's 400 Evansdale

Investment Highlights

Brand New 20-Year Lease | DRM, Inc. (121-Units) | 5% Increases | 4 (5-Year) Options Off I-380 | Proximity to Downton Waterloo & Downtown Evansdale |Drive-Thru Equipped 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? Arby?s is strategically located off I-380 (77,900 VPD), providing direct on/off ramp access for travelers? Ideally positioned 2.5 miles from downtown Evansdale and 7 miles from downtown Waterloo, allowing for easy commutes to and from the surrounding trade areas? The site is equipped with a drive-thru, allowing the operator to maximize efficiency and productivity

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Service Station Service Station General Retail Fast Food Service Station
• Building Size    3,238
• Building Class    B
• Year Built/Renovated    1998/2023
• Price    1,455,000
• Price Per SF    449
• Cap Rate    5.60
• NOI    81,480
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.07
• Land Acres    1.06 AC