400 Iowa Speedway Dr | Newton, IA 50208
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- LoopNet Team
400 Iowa Speedway Dr
Newton, IA 50208
ARBY'S- NEWTON, IA · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 5 Years Remaining on Absolute NNN Lease
- DRM, Inc. Currently has 97 Locations in Illinois, Iowa, Nebraska, Wisconsin, Minnesota & Missouri
- 2021 DEMOGRAPHICS: Total Population (5-MI): 18,453 | Average Household Income (1-MI): $68,354
- Tenant just Exercised Its First Renewal Option in January 2021 & has Plans to Spend ±$200,000 on Remodeling the Building!
- Great Drive-By Visibility & Access on Iowa Speedway Dr where Traffic Counts Exceed 15,660 CPD!
- UNEMPLOYMENT RATE: Iowa Rate at 4.1% - National Rate at 5.4% (BLS - July 2021)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,172 SF
Building Class
B
Year Built
1999
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.28 AC
Parking
66 Spaces
Frontage
447’ on Iowa Speedway Drive
AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 08-36-176-011 | Improvements Assessment | $994,270 |
| Land Assessment | $196,700 | Total Assessment | $1,190,970 |
PROPERTY TAXES
Parcel Number
08-36-176-011
Land Assessment
$196,700
Improvements Assessment
$994,270
Total Assessment
$1,190,970
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