Commercial Real Estate in Iowa available for sale
Drive Through Restaurants For Sale

Drive Through Restaurants for Sale in Iowa, USA

More details for 806 S 4th St, Clinton, IA - Retail for Sale

Walgreens - 806 S 4th St

Clinton, IA 52732

  • Drive Through Restaurant
  • Retail for Sale
  • $3,766,785 CAD
  • 13,799 SF

Clinton Retail for Sale

The Gateway Bridge Walgreens offers a unique opportunity to acquire a Walgreens-anchored asset situated on a strategic 2.06-acre corner. Located at the confluence of US Highway 30 and US Highway 67, the property serves as a primary retail entrance to Iowa for cross-border traffic from Illinois. For the hybrid investor, this is the ultimate "land bank" play: enjoy institutional-grade passive income today with a 30% rent escalation at next renewal option on the horizon, all while controlling one of the most strategic redevelopment footprints in the region. Investment Highlights * Primary Retail Junction: Positioned at the junction of US-30 and US-67. The site captures heavy daily commuter volume originating from the US Highway 30 Bridge, connecting the Illinois and Iowa markets. * Synergistic Retail Hub: The property is shadow-anchored by Hy-Vee Supermarket and Hy-Vee Fast & Fresh, the region's dominant grocery and fuel drivers. This established "daily needs" synergy ensures consistent consumer traffic to the immediate corridor. * Oversized 2.06-Acre Parcel: At over 2 acres, the site exceeds standard pharmacy lot sizes. This surplus land provides long-term flexibility for multi-tenant conversion, QSR outparcels, or higher-density redevelopment. * Structured Rent Growth: Unlike many flat-rent NNN/NN pharmacy assets, this lease features five-year renewal options with a 30% rent escalation at the next option, providing a significant hedge against inflation and a boost to future yield. * Regional Market Magnet: Clinton serves as a primary retail destination for Western Illinois residents attracted by Iowa's lower fuel taxes and a dense concentration of national tenants, including Home Depot, Walmart Supercenter, Hobby Lobby, Aldi, and Harbor Freight. * Secure Income Stream: Corporate-backed Double Net (NN) lease with term expiring May 31, 2034, providing approximately 8 years of guaranteed term prior to the next option with rent escalation. The subject property is a 13,799 SF facility equipped with a drive-thru sitting prominently at the base of the Gateway Bridge, benefiting from exceptional visibility to south-bound US-67 and west-bound US-30 traffic. Located just 1.5 miles from the Clinton Marina, the asset services a stable local population complemented by seasonal regional tourism. Whether you are looking to park 1031 exchange funds in a reliable corporate-backed asset or you are a developer looking to secure a "Main & Main" corner for the next decade's most ambitious project, this property delivers the best of both worlds. Property Snapshot * Building Size: 13,799 SF * Lot Size: 2.06 Acres (Signalized Corner) * Lease Structure: Double Net (NN) * NOI: $250,000 * CAP Rate: 9.09% * Lease Expiration: May 31, 2034 * Renewal Options: 5 (Five-Year) Options * Rent Increases: 30% at next Option * Traffic Drivers: US-30, US-67, Gateway Bridge, Hy-Vee

Contact:

Coldwell Banker Commercial Howes & Jefferies

Property Subtype:

Drug Store

Date on Market:

2026-05-10

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More details for 3053 8th St W, Altoona, IA - Retail for Sale

Chipotle & Dunkin Retail Center in Des Moines - 3053 8th St W

Altoona, IA 50009

  • Drive Through Restaurant
  • Retail for Sale
  • $6,389,837 CAD
  • 9,728 SF
  • 24 Hour Access
  • Restaurant

Altoona Retail for Sale - Northeast

Pegasus Investments Real Estate Advisory Inc., in conjunction with ParaSell Inc., as exclusive advisors to Seller, are pleased to present the opportunity to acquire Altoona Acres, a multi-tenant retail strip located in Altoona (Des Moines), Iowa (the “Property”). The Property is occupied by a synergistic mix of nationally recognized and service-oriented tenants featuring a new 10-year lease with Chipotle, Dunkin’ Donuts drive thru end cap, and additional tenancy including Supercuts, Planet Smoothie, and RC Dermatology. The Property is strategically positioned at a signalized intersection along Altoona’s 8th Street SW, the city’s main east–west thoroughfare, offering direct access to US Route 65 and the greater Des Moines metro. The 8th Street corridor is anchored by major national retailers including Walmart, Target, Menards, Lowe’s, Aldi, and Panda Express, forming a dominant retail hub with strong co-tenancy. Further, the property sits adjacent to a Raising Cane’s, which draws significant consumer traffic to the immediate area. The Property benefits from proximity to major regional attractions, including Prairie Meadows Casino & Racetrack and Adventureland Park, two of the region’s most heavily visited attractions, which collectively draw nearly 3 million annual visitors. Additionally, the Property is situated just minutes from Outlets of Des Moines, a premier open-air outlet center featuring approximately 300,000 square feet of retail space and more than 50 national and designer retailers. These regional draws significantly enhance consumer traffic to the area and support tenant performance, while ongoing development and commercial expansion continue to strengthen the corridor’s long-term growth trajectory. Altoona has experienced an exceptional 17.50% increase in population growth since 2020, supported by continued residential expansion and favorable demographics, including average household incomes exceeding $90,000 within a 5-mile radius. Altoona is also a major hub for data center development, anchored by Meta’s global flagship data center campus, the largest in the United States, spanning over 5 million square feet with more than $3 billion invested since 2013. Further, Tract, an institutional developer of master-planned data center campuses, has recently announced the acquisition of a 453-acre fully entitled site in Altoona capable of supporting over 1 gigawatt of capacity in one of the country’s most vibrant and reliable data center markets.

Contact:

Pegasus Investments

Date on Market:

2026-05-04

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More details for 331 NE Cypress Dr, Grimes, IA - Retail for Sale

STNL US Bank | Abs. NNN | 2% Annual Increases - 331 NE Cypress Dr

Grimes, IA 50111

  • Drive Through Restaurant
  • Retail for Sale
  • $2,314,861 CAD
  • 4,500 SF

Grimes Retail for Sale

Pegasus Investments Real Estate Advisory Inc. and ParaSell, as exclusive advisors to the Seller, are pleased to present the opportunity to acquire a newly constructed U.S. Bank located in the rapidly expanding suburb of Grimes within the Greater Des Moines, Iowa MSA (the “Property”). Strategically positioned within Grimes’ primary retail node, the Property bene?ts from immediate proximity to a complementary mix of national big box anchors, quick service restaurants, and a newly developed state-of-the-art sports complex. The Property is secured by a new 10-year absolute triple net lease to investment grade rated U.S. Bank National Association (S&P: “A+”) , featuring above market 2% annual rent escalations and four (4) ?ve-year extension options, providing investors with stable, long-term, in?ation-resistant passive income. Offered at an attractive $1.6 million price point, the opportunity presents an exceptional chance to acquire a small price point property backed by investment grade tenancy in a highly developing market. The Property is ideally situated between a high-performing Hy-Vee grocery store (82nd percentile nationwide, placer.ai), generating over 1.4 million annual visits, and the newly delivered “GrimesPlex,” a Hy-Vee-sponsored 50-acre multi-sport complex recognized as one of the largest of its kind in the Midwest. The surrounding retail corridor is further enhanced by a strong lineup of nationally recognized big box retailers including Walmart and Menards, in addition to a best in class line up of retailers featuring Chipotle, Starbucks, Aldi, McAllister’s, McDonald’s, Culver’s, Arby’s and others, driving consistent consumer traf?c to the immediate area and reinforcing the Property’s underlying fundamentals. Grimes is one of the fastest-growing submarkets within Des Moines and a key driver of regional expansion. The immediate trade area has experienced a 22.2% population increase within a 1-mile radius since 2020, with projections indicating approximately 70% additional population growth over the next ?ve years. The Property is further supported by strong demographics, with average household incomes exceeding $136,000 within 5-mile radius, providing a highly af?uent and expanding consumer base. Consistently ranking as the fastest growing metro in the Midwest, the greater Des Moines metro continues to attract new residents and investment due to its low cost of living, high quality of life and dynamic job market. This exceptional growth has fueled over $885 million in completed developments since 2018 within the city of Grimes, with signi?cant additional projects underway. Directly across from the Property, a new Tru by Hilton hotel was completed in late 2025, further enhancing lodging and commercial demand in the immediate area. Future development includes the $180 million, 200-acre mixed-use Hope District, which is expected to deliver approximately 320 apartments, 80 townhomes, and additional retail space along NW 70th Avenue, further increasing daily traf?c and consumer density. In addition, the City of Grimes is projected to invest approximately $40 million in infrastructure improvements in 2026 alone to support the area’s rapid population and economic growth.

Contact:

Pegasus Investments

Property Subtype:

Bank

Date on Market:

2026-04-29

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More details for 3109 S Center St, Marshalltown, IA - Retail for Sale

Marshalltown Center - 3109 S Center St

Marshalltown, IA 50158

  • Drive Through Restaurant
  • Retail for Sale
  • $4,824,224 CAD
  • 6,600 SF

Marshalltown Retail for Sale

Jones Lang LaSalle Americas, Inc.? ("JLL"), is pleased to exclusively offer for sale the fee-simple interest in Marshalltown Center located at 3109 S Center St, Marshalltown, IA 50158. This 6,600 SF multi-tenant retail center sits on 1.09 acres and is 100% occupied with a WALT of 7.9 years, anchored by Starbucks under a new 10-year lease. This investment opportunity offers investors a stable, long-term income stream backed by Starbucks, which recently opened under a 10-year absolute NNN lease with four 5-year renewal options that could extend their tenancy through 2056. Starbucks occupies 36% of the GLA and has built-in rent escalations every five years, providing strong cash flow predictability. The recent execution of new leases across the center demonstrates active tenant demand and delivers a fully stabilized property with minimal near-term rollover risk. Marshalltown Center benefits from exceptional positioning on S Center Street, the primary north-south commercial artery serving the entire community with 14,500 vehicles per day. The property sits at a signalized intersection just a quarter-mile from US Highway 30, placing it at the heart of Marshalltown's dominant retail corridor alongside national powerhouses including Walmart, Menards, McDonald's, Kwik Trip, Culvers, and Aldi. Starbucks operates as the premier coffee shop in the immediate trade area with minimal competition across the broader market, while the nearby Walmart generates an impressive 2.4 million visits annually, creating substantial traffic flow that benefits all tenants in the center. As a regional hub of approximately 27,000 residents, Marshalltown maintains economic stability through its diversified base of manufacturing, retail, and service industries. Major employers like JBS, Emerson Process Management, and Lennox Industries anchor the local economy and support consistent retail spending. The city's strategic location along Highway 30 and recent downtown revitalization efforts position Marshalltown's retail sector for steady, sustainable growth. Please refer to the OM for more information on this investment opportunity.

Contact:

JLL

Property Subtype:

Service Station

Date on Market:

2026-04-24

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More details for 309 US-6 Hwy, Oakland, IA - Retail for Sale

Dairy Queen Business, RE and FF&E - 309 US-6 Hwy

Oakland, IA 51560

  • Drive Through Restaurant
  • Retail for Sale
  • $582,140 CAD
  • 1,512 SF
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More details for 1804 Washington st, Pella, IA - Retail for Sale

Starbucks & Jersey Mikes - 1804 Washington st

Pella, IA 50219

  • Drive Through Restaurant
  • Retail for Sale
  • $4,952,032 CAD
  • 4,126 SF
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More details for 9150 SE University Ave, West Des Moines, IA - Retail for Sale

Hy-Vee Fast & Fresh with Smokey Row Coffee - 9150 SE University Ave

West Des Moines, IA 50266

  • Drive Through Restaurant
  • Retail for Sale
  • $8,619,774 CAD
  • 6,529 SF
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More details for 4659 Highway 13, Central City, IA - Retail for Sale

4659 Highway 13

Central City, IA 52214

  • Drive Through Restaurant
  • Retail for Sale
  • $1,198,523 CAD
  • 6,232 SF
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More details for Southern Square – Retail for Sale, Sioux City, IA

Southern Square

  • Drive Through Restaurant
  • Retail for Sale
  • $19,313,334 CAD
  • 126,581 SF
  • 5 Retail Properties
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More details for 910 Gordon Dr, Sioux City, IA - Retail for Sale

Former Hardees for Sale | Must Lease Ground - 910 Gordon Dr

Sioux City, IA 51101

  • Drive Through Restaurant
  • Retail for Sale
  • $684,870 CAD
  • 3,864 SF
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More details for 505 2nd Ave, Sheldon, IA - Retail for Sale

Hardee's Absolute NNN Lease - 505 2nd Ave

Sheldon, IA 51201

  • Drive Through Restaurant
  • Retail for Sale
  • $995,801 CAD
  • 3,434 SF
  • Restaurant

Sheldon Retail for Sale

Jones Lang LaSalle Americas, Inc. ("JLL"), is pleased to exclusively offer for sale the fee-simple interest in Hardee's located at 505 2nd Ave in Sheldon, IA. This 3,434 SF quick-service restaurant sits on 0.82 acres and is secured by a long-term absolute NNN lease extending through August 2040. This investment opportunity offers investors a truly passive ownership experience through its absolute NNN lease structure, where Superior Star LLC, a well-capitalized franchisee operating 93+ Hardee's locations across 11 states, handles all operational aspects and property expenses. The lease provides built-in rent escalations every five years, with current annual income of $50,871 and four additional renewal options that could extend the tenancy through 2060. Sheldon represents an attractive market for quick-service restaurants, with Hardee's enjoying minimal direct competition from national fast-food brands in this community of approximately 5,200 residents. The restaurant benefits from its strategic positioning at Highway 18 and 320th Street, capturing traffic from both local residents and travelers along the primary east-west corridor. The surrounding area features complementary businesses including Casey's General Store and Subway, while the proximity to Sheldon Public Schools and Sheldon City Park generates consistent customer flow throughout the day. As the largest city in O'Brien County, Sheldon maintains economic stability through its diversified base of agriculture, manufacturing, and regional services. The community's strategic location provides businesses with access to larger markets while benefiting from lower operational costs and a stable workforce. Please refer to the OM for more information on this investment opportunity.

Contact:

JLL

Date on Market:

2026-02-20

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More details for 1845 Adventureland Dr, Altoona, IA - Land for Sale

1845 Adventureland Dr

Altoona, IA 50009

  • Drive Through Restaurant
  • Land for Sale
  • $813,379 - $6,490,614 CAD
  • 0.91 - 1.82 AC Lots

Altoona Land for Sale - Northeast

Situated in the heart of Iowa’s most vibrant tourism and entertainment district, 1845 Adventureland Drive represents an exceptional commercial development opportunity with unmatched visibility and year-round demand drivers. This 6.73-acre offering sits directly alongside two of the state’s largest visitor attractions: Prairie Meadows Racetrack & Casino and Adventureland Resort. Together these regional anchors attract more than four million annual visitors, creating constant customer flow and sustained economic vitality. The site further benefits from its proximity to high-performing retail and hospitality destinations, including the Outlets of Des Moines and Bass Pro Shops, which continually draw both local and multi-state traffic. [_ NAI 2025...um _L_ (1) | PDF] Located just ten minutes from downtown Des Moines, the property delivers seamless connectivity via immediate access to the I-80 and U.S. 65 interchange. This strategic positioning amplifies both local and regional accessibility, making the site well-suited for users seeking high-impact exposure along a major growth corridor. Future infrastructure enhancements add substantial value, including the City of Altoona’s planned 2026 reconstruction of Adventureland Drive, which will expand the roadway from two to five lanes to accommodate ongoing commercial momentum. This investment underscores the city’s commitment to supporting large-format development, improved traffic handling, and strengthened retail and hospitality performance. The property is divided into multiple development-ready lots, ranging from 0.91 to 1.82 acres, offering flexibility for various project scales. C-2 zoning allows for an impressive range of potential uses, such as premium retail, fast-casual and drive-thru restaurants, medical clinics, corporate office campuses, or higher-end lodging concepts. With strong surrounding demographics, a high-density visitor base, and exceptional frontage along a major destination corridor, 1845 Adventureland Drive offers both immediate development potential and long-term strategic upside in a thriving entertainment-anchored submarket

Contact:

NAI Iowa Realty Commercial

Property Subtype:

Commercial

Date on Market:

2026-02-11

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More details for 8134 Douglas Ave, Urbandale, IA - Retail for Sale

8134 Douglas Ave

Urbandale, IA 50322

  • Drive Through Restaurant
  • Retail for Sale
  • $2,054,610 CAD
  • 3,862 SF
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More details for 910 E 2nd Ave, Indianola, IA - Retail for Sale

910 E 2nd Ave

Indianola, IA 50125

  • Drive Through Restaurant
  • Retail for Sale
  • $951,969 CAD
  • 1,935 SF
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More details for 4501 Southern Hills Dr, Sioux City, IA - Retail for Sale

Rare Big Box Opportunity - 4501 Southern Hills Dr

Sioux City, IA 51106

  • Drive Through Restaurant
  • Retail for Sale
  • $9,588,180 CAD
  • 52,468 SF
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More details for 3800 100th St, Urbandale, IA - Retail for Sale

3800 100th St

Urbandale, IA 50322

  • Drive Through Restaurant
  • Retail for Sale
  • $2,732,631 CAD
  • 4,928 SF
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More details for 2209 Circle Dr W, Spirit Lake, IA - Retail for Sale

2209 Circle Dr W

Spirit Lake, IA 51360

  • Drive Through Restaurant
  • Retail for Sale
  • $924,575 CAD
  • 3,569 SF
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More details for 500 Nebraska St, Sioux City, IA - Retail for Sale

500 Nebraska St

Sioux City, IA 51101

  • Drive Through Restaurant
  • Retail for Sale
  • $1,164,279 CAD
  • 17,200 SF
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More details for 1501 E Euclid Ave, Des Moines, IA - Retail for Sale

Abelardo's - 1501 E Euclid Ave

Des Moines, IA 50313

  • Drive Through Restaurant
  • Retail for Sale
  • $1,773,813 CAD
  • 3,123 SF
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More details for 1803 S Center St, Marshalltown, IA - Retail for Sale

1803 S Center St

Marshalltown, IA 50158

  • Drive Through Restaurant
  • Retail for Sale
  • $684,733 CAD
  • 644 SF
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More details for 109 1st Ave, Rock Rapids, IA - Retail for Sale

Lux on First - 109 1st Ave

Rock Rapids, IA 51246

  • Drive Through Restaurant
  • Retail for Sale
  • $383,527 CAD
  • 4,752 SF
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More details for 3333 Marketplace Dr, Council Bluffs, IA - Land for Sale

Retail or Medical Development Site | 2.84 AC - 3333 Marketplace Dr

Council Bluffs, IA 51501

  • Drive Through Restaurant
  • Land for Sale
  • $1,369,739 CAD
  • 2.84 AC Lot
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More details for 1414 Main St, Keokuk, IA - Office for Sale

Keokuk Medical Center - 1414 Main St

Keokuk, IA 52632

  • Drive Through Restaurant
  • Office for Sale
  • $1,027,305 CAD
  • 8,594 SF

Keokuk Office for Sale

Medical Office Flexibility in a High-Visibility Corridor Positioned in the heart of Keokuk’s busiest commercial district, 1414 Main Street offers a rare opportunity to own a fully renovated, turnkey medical office building with unbeatable flexibility. Originally built in 1996 and completely gutted and redesigned in 2015, this 6,800± SF facility is a modern, efficient, and highly adaptable space ready for immediate use — or full customization. Upon arrival, one of the first things you'll notice is the prominent monument sign, widely considered the largest and most attractive signage in all of Keokuk. This signage, paired with Main Street frontage and 12,100+ daily vehicles, ensures maximum exposure to both foot and vehicle traffic. A drive-through lane—currently unused—adds even more operational potential for pharmacy pickup, lab drop-offs, or other service models. The current layout is thoughtfully designed for medical operations and includes: A large, welcoming reception and lobby area 9 exam rooms 3 private physician offices 1 general office space behind reception X-ray room, lab, and large procedure room Central nurses station and staff lounge 4 restrooms, janitorial closet, and delivery dock With 14’ ceilings and post-and-beam construction, there are no interior load-bearing walls—offering unlimited flexibility for redesign or mixed-use adaptation. Whether you're a healthcare system, multi-practitioner group, or service provider looking to reimagine the space, the structural design allows for complete interior transformation without major construction barriers. A 1,400 SF unfinished portion on the east side of the building presents further opportunity. This space has its own entrance and can be seamlessly integrated into the existing layout or repurposed for a complementary business like a pharmacy, chiropractor, or physical therapist—creating a true wellness hub. Zoned for commercial/medical use and situated near other healthcare facilities, this building is ideal for: Regional hospital systems expanding outpatient care Specialists seeking a plug-and-play location Multi-tenant medical offices Urgent care or diagnostics centers The property’s former use as a clinic for a regional hospital system speaks to its design quality and functional readiness. All infrastructure is in place, from HVAC and electrical systems to IT wiring and patient flow optimization. This is not just another medical building—it’s a fully customizable platform in a proven, high-demand corridor. Investors and owner-users alike will find long-term value in its flexible design, strong location fundamentals, and high visibility. Welcome to Keokuk, Iowa — a city where historic charm meets strategic commercial opportunity. Located in the southeast corner of Iowa and bordered by both Illinois and Missouri, Keokuk is uniquely positioned at the crossroads of three states. This tri-state access, combined with frontage along Main Street (which serves as both Highway 218 and Highway 61), makes this area a powerful draw for businesses looking to capture a wide and diverse market. 1414 Main Street sits along the city’s busiest corridor, boasting approximately 12,100 vehicles per day — a level of visibility that’s nearly unmatched in the region. Just blocks from national retailers like Walgreens, the property benefits from excellent co-tenancy and consistent customer traffic. Whether you're attracting walk-ins or destination clients, this location delivers brand exposure on a high-traffic, high-impact level. Keokuk itself is undergoing a quiet resurgence. Known as the “Gateway City to the West,” it offers an appealing blend of affordability, accessibility, and quality of life. The city is the largest in Lee County and continues to serve as a medical, educational, and commercial hub for the surrounding communities. With proximity to Southeast Iowa Regional Medical Center, local schools, and regional employers, Keokuk draws a stable workforce and a strong base of residents who value convenient, local services. From an investor’s perspective, this location checks every box: strong visibility, direct highway access, and the kind of community infrastructure that supports long-term tenancy and diversified business models. Out-of-state buyers will find Keokuk especially attractive for its low barriers to entry, high demand for local healthcare services, and a business-friendly environment supported by city leaders and regional economic development groups. In short, this is not just a building on Main Street — it’s a launchpad into a growing, underserved market in the heart of the Midwest.

Contact:

CHASE. Collective

Date on Market:

2025-04-03

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1-24 of 38

Drive Through Restaurants For Sale

Drive Through Restaurants

A drive-thru restaurant is a type of fast food establishment that provides customers with the ability to order and receive their meal while still in their car. This type of restaurant has been on the rise in recent years with an increase in demand for quick, mobile-friendly food options.

The majority of drive through restaurants are located on or near busy streets, making them easy for drivers to access. This accessibility can be attractive to investors as it will increase potential revenues by attracting more customers without extensive advertising costs.

Why should you buy a restaurant with a drive through as an investor?

There are many reasons to invest in a drive through restaurant. These restaurants can be profitable if they're modeled correctly and managed well. You need to consider several things when investing in a drive-through restaurant, such as location and demographics, before deciding whether or not it's right for you

The first thing that needs consideration is where your potential business should be located. A major factor here is population density - what does the neighborhood look like? Is there plenty of foot traffic on any given day? If so, this would mean more customers for the restaurant! You also want to make sure there are no competing businesses nearby that may lure away your customer base; try looking at some other areas of town with less competition and underserved population.

What are the costs of buying a drive through restaurant?

The costs to consider include the cost of the building, renovations or repairs and upgrades needed in order to do business. There may be additional fees such as franchise fees, permits, licensing. Talk to your broker about additional costs.

The cost for a commercial property itself will vary depending on the size and location; a building might cost more than one near a busy highway interchange with high traffic volume. The price per square foot also varies significantly by location.

How to make your purchase profitable and sustainable in the long run.

Purchasing a profitable drive-through restaurant requires careful research and consideration of what is needed in the area.

You will need to consider the most profitable drive-through locations, deciding if you want a single site or plan on multiple sites.

Consideration should be given to both established restaurants with traffic volumes that meet your needs as well as those which are under-performing but have potential for time and money investment to increase revenues.

Is it worth it for you to buy a drive thru restaurant now?

Right now is a a great time to invest in a drive through restaurant.

As of 2021, Interest rates are low and there is less competition for properties, which means you can get the property for less money than if you buy it later on down the road when prices and interest rates may increase. Additionally, now would be a good time to buy because people need convenient and safe food options during tough economic times.

Looking to lease a Drive Through Restaurant? View Drive Through Restaurants for lease