Evansdale, IA - Arby's
$1,455,000
400 Evansdale Dr, Evansdale, IA 50707
5.6
Cap Rate
81,459
NOI
Details:
Description:
• 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
• Arby’s is strategically located off I-380 (77,900 VPD), providing direct on/off ramp access for travelers
• Ideally positioned 2.5 miles from downtown Evansdale and 7 miles from downtown Waterloo, allowing for easy commutes to and from the surrounding trade areas
• The site is equipped with a drive-thru, allowing the operator to maximize efficiency and productivity
Location
Gallery