Overview

Description

• The tenant recently signed a brand new 20-year lease 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 3,500 operating restaurants
• Tenant pays for CAM, taxes, insurance, and maintains all aspects of the premises
• Zero landlord responsibilities
• Ideal, management-free investment for an out-of-state, passive investor

• Arby’s is strategically located off I-80 (32,900 VPD), allowing for direct on/off ramp access to the site and surrounding Williamsburg trade area
• Outparcel to a 270,000+ SF outlet mall featuring tenants such as Polo, Nike, Under Armour, and more
• Limited competition as there are only a handful of QSR options serving Williamsburg
• The site is equipped with a drive-thru, allowing the operator to maximize efficiency and productivity
• This Arby’s ranks in the top 83% of all Iowa locations according to Placer.ai
• More than 4,000 residents and 2,000 employees support the 5-mile trade area
• Features an average household income of $91,008

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