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? Tenant pays for CAM, taxes, insurance, and maintains all aspects of the premises? Zero landlord responsibilities? Ideal, management-free investment for an out-of-state, passive investor? Arby?s is strategically located off I-80 (32,900 VPD), allowing for direct on/off ramp access to the site and surrounding Williamsburg trade area? Outparcel to a 270,000+ SF outlet mall featuring tenants such as Polo, Nike, Under Armour, and more? Limited competition as there are only a handful of QSR options serving Williamsburg? The site is equipped with a drive-thru, allowing the operator to maximize efficiency and productivity? This Arby?s ranks in the top 83% of all Iowa locations according to Placer.ai? More than 4,000 residents and 2,000 employees support the 5-mile trade area? Features an average household income of $91,008
