- 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
Investment Offering
Cedar Falls, IA - Arby's
6018 University Ave | Cedar Falls, IA 50613
$1,430,000
Price5.5%
Cap Rate$78,628
NOI1975
Year Built2,688
± SF Offering GLADescription
Location
- 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