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Arby's - Evansdale IA 400 Evansdale 3,238 SF Retail Building Evansdale, IA 50707 $2,011,538 CAD ($621.23 CAD/SF) 5.60% Cap Rate
INVESTMENT HIGHLIGHTS
- 18+ Years Remaining | DRM, Inc. (121-Units) | 5% Increases |4 (5-Year) Options
- Off I-380 | Proximity to Downton Waterloo & Downtown Evansdale | Drive-Thru Equipped
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Local Demographics & Trade Area Within 5-Mile Radius
EXECUTIVE SUMMARY
• The tenant has over 18 years remaining 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 3,600 operating restaurants
• 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 3,600 operating restaurants
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,238 SF
Building Class
B
Year Built/Renovated
1998/2023
Price
$2,011,538 CAD
Price Per SF
$621.23 CAD
Cap Rate
5.60%
NOI
$112,617 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.06 AC
Zoning
C-2 - Commercial District
Parking
46 Spaces (14.21 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Pylon Sign
- Restaurant
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 8812-04-376-010 | Improvements Assessment | $815,501 CAD |
| Land Assessment | $434,030 CAD | Total Assessment | $1,249,531 CAD |
PROPERTY TAXES
Parcel Number
8812-04-376-010
Land Assessment
$434,030 CAD
Improvements Assessment
$815,501 CAD
Total Assessment
$1,249,531 CAD
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Arby's - Evansdale IA | 400 Evansdale
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