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Cedar Falls, IA - Arby's

$1,430,000

6018 University Ave, Cedar Falls, IA 50613

Active
Last Updated: 05/14/2024

5.5

Cap Rate

78,628

NOI

Details:
Cap Rate:    5.5%
NOI:    $78,628
Building Size:    2,688 sqft
Year Built:    1975
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 University Avenue averaging 17,400 VPD
• The immediate trade area is supported by surrounding national retailers such as Walgreens, Kohl’s, Starbucks, Wendy’s, and more
• The site is equipped with a drive-thru, allowing the operator to maximize efficiency and productivity
• Located next to several strong single-family neighborhoods, providing a direct consumer base from which to draw
• Across from the College Square Mall, anchored by Planet Fitness, Hy-Vee, and more

Map:
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