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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

PROPERTY TAXES

Parcel Number
311/00305-730-702
Land Assessment
$742,300
Improvements Assessment
$1,081,700
Total Assessment
$1,824,000
  • Listing ID: 29498182

  • Date on Market: 9/12/2023

  • Last Updated:

  • Address: 1201 E 1st St, Grimes, IA 50111

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