Investment Highlights
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 at the signalized, hard corner intersection of Kimball Avenue and Brookeridge Drive? The site is equipped with a drive-thru, allowing the operator to maximize efficiency and productivity? The immediate trade area is supported by surrounding national retailers such as Sam?s Club, Lowe?s, Walmart Supercenter, and more? Located less than a mile from MercyOne Waterloo Medical Center and 2 miles from Crossroads Mall (815,000+ SF), providing a steady stream of crossover store exposure? More than 78,000 residents and 51,000 employees support the 5-mile trade area? Features an average household income of $85,686 within a 1-mile radius
