Cedar Rapids, IA - Arby's (1st Ave)

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 fronting 1st Avenue NE averaging 25,500 VPD
• The immediate trade area is supported by surrounding national retailers such as Hy-Vee Grocery Store, Starbucks, Wendy’s, Scooters, 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 Coe College (1,200-students), providing a steady and consistent flow of customers
• Off I-380 (82,000 VPD), allowing for direct on/off ramp access