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Arby's - Evansdale IA 400 Evansdale 3,238 SF Retail Building Evansdale, IA 50707 $1,455,000 ($449.35/SF) 5.60% Cap Rate
INVESTMENT HIGHLIGHTS
- 18+ Years Remaining | 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 has over 18 years remaining 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 3,600 operating restaurants
• 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 3,600 operating restaurants
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,238 SF
Building Class
B
Year Built/Renovated
1998/2023
Price
$1,455,000
Price Per SF
$449.35
Cap Rate
5.60%
NOI
$81,459
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.06 AC
Zoning
C-2 - Commercial District
Parking
46 Spaces (14.21 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Pylon Sign
- Restaurant
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 8812-04-376-010 | Improvements Assessment | $580,300 |
| Land Assessment | $308,850 | Total Assessment | $889,150 |
PROPERTY TAXES
Parcel Number
8812-04-376-010
Land Assessment
$308,850
Improvements Assessment
$580,300
Total Assessment
$889,150
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Arby's - Evansdale IA | 400 Evansdale
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