335 Evans St, Williamsburg, IA 52361
3,704 SF | Retail Building | Williamsburg, IA 52361 | $2,060,000 ($556/SF) | 5.65% Cap Rate
For Sale
Active
6 pictures
Asking Price $2,060,000
- Property Type
-
Retail
- Square Feet
- 3,704 SF
- Price / Square Foot
- $556
Listing Contacts
Michael Berk
- Property Info
Property Overview
• 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
• Tenant pays for CAM, taxes, insurance, and maintains all aspects of the premises
• Zero landlord responsibilities
• Ideal, management-free investment for an out-of-state, passive investor
• Arby’s is strategically located off I-80 (32,900 VPD), allowing for direct on/off ramp access to the site and surrounding Williamsburg trade area
• Outparcel to a 270,000+ SF outlet mall featuring tenants such as Polo, Nike, Under Armour, and more
• Limited competition as there are only a handful of QSR options serving Williamsburg
• The site is equipped with a drive-thru, allowing the operator to maximize efficiency and productivity
• This Arby’s ranks in the top 83% of all Iowa locations according to Placer.ai
• More than 4,000 residents and 2,000 employees support the 5-mile trade area
• Features an average household income of $91,008
• 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
• Tenant pays for CAM, taxes, insurance, and maintains all aspects of the premises
• Zero landlord responsibilities
• Ideal, management-free investment for an out-of-state, passive investor
• Arby’s is strategically located off I-80 (32,900 VPD), allowing for direct on/off ramp access to the site and surrounding Williamsburg trade area
• Outparcel to a 270,000+ SF outlet mall featuring tenants such as Polo, Nike, Under Armour, and more
• Limited competition as there are only a handful of QSR options serving Williamsburg
• The site is equipped with a drive-thru, allowing the operator to maximize efficiency and productivity
• This Arby’s ranks in the top 83% of all Iowa locations according to Placer.ai
• More than 4,000 residents and 2,000 employees support the 5-mile trade area
• Features an average household income of $91,008
Property Details
- Class
- C
- Year Built/Renovated
- 1992/2023
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 40,075 SF
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