1201 E 1st St | Grimes, IA 50111
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1201 E 1st St
Grimes, IA 50111
Arby's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- This Arby’s is on a 20 Year NNN Lease with 5% increases every 5 years.
- Arby’s is located near the GrimesPlex/Hope District Development, which is planned to start completing phases in Fall 2023.
- Excellent demographics within a 5-mile radius, with an average household income of $144,028 and population exceeding 75,000.
- The tenant on the lease, DRM, Inc., is one of the largest Arby’s franchisees and operates 109 Arby’s in 7 Midwest states.
- Located in an excellent retail location near Hy-Vee, Menards, Aldi, McDonalds, Starbucks, etc.
- Nearby traffic counts on Interstate 35 average 179,060 vehicles per day.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,584 SF
Building Class
B
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.00 AC
Zoning
B-2
Frontage
12’ on EAST 1ST ST
PROPERTY TAXES
| Parcel Number | 311/00305-730-702 | Improvements Assessment | $1,081,700 |
| Land Assessment | $742,300 | Total Assessment | $1,824,000 |
PROPERTY TAXES
Parcel Number
311/00305-730-702
Land Assessment
$742,300
Improvements Assessment
$1,081,700
Total Assessment
$1,824,000
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
