412 Cleveland St
Muscatine, IA 52761
Arby’s: Brand New 16 Year Absolute NNN Lease · Retail Property For Sale

Arby’s has a brand new 16-year Absolute NNN lease with 5% rental escalations every 5 years and four 5-year renewal options. The tenant, FMS Group, Inc. is an experienced 15-unit operator with locations in Iowa and Illinois. The subject location has been successfully open and operating for decades with an attractive 7.05% rent-to-sales ratio and was recently remodeled in 2015 (+/- $341K invested by tenant) – showing their commitment to the location! Arby’s is located in Muscatine, Iowa just off the hard corner of IA-38 and US Hwy 61 on a large 1.31-acre lot with excellent drive-by visibility! Nearby retailers include Walmart Supercenter, Menards, Blain’s Farm & Fleet, Slumberland Furniture, Dollar Tree, Family Dollar, ALDI, Hy-Vee, Hibbett Sports, JOANN Fabrics, The Salvation Army Family Store, Harbor Freight Tools, Walgreens, AutoZone, NAPA Auto Parts, Verizon, O’Reilly Auto Parts, etc. The subject location is less than 2 Muscatine Community College (enrollment of 1,850) and less than 3 miles from Trinity Muscatine Hospital (87 beds). In Association with Iowa Licensed Broker: Jessica Zahn Gibson, CIA Brokerage Company #B67284000