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Evansdale, IA - Arby's

$1,455,000

400 Evansdale Dr, Evansdale, IA 50707

Active
Last Updated: 11/18/2025

5.6

Cap Rate

81,459

NOI

Details:
Cap Rate:    5.6%
NOI:    $81,459
Building Size:    3,238 sqft
Lot Area:    1.06 acres
Year Built:    1998
Year Last Renovated:    2023
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 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

Map:
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