North Liberty, IA - Arby's
2350 W. Penn St, North Liberty, IA
$1,438,000
Price
5.5%
Cap Rate
$79,075
NOI
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
• Arby’s is strategically located off the signalized, hard corner intersection of W Penn St and N Kansas Ave averaging 14,000 VPD
• Directly off I-380 (54,400 VPD), allowing users to benefit from direct on/off ramp access to the site and surrounding trade area
• Just West of North Liberty’s main residential corridor, providing a direct consumer base from which to draw
• The site is equipped with a drive-thru, allowing the operator to maximize efficiency and productivity
Listing ID: a28TP000000DF7hYAG