Arby’s

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Arby’s

2500 S Center St Marshalltown IA Marshall County

Sales Price: $822,583

Cap Rate: 6.00%

Contact Person(s): Jason Greenspan
Daniel Kukes
Max Lippitt

Description:

IDEAL 1031 EXCHANGE, INCOME PRODUCING PROPERTY

LONG STANDING TENANT

  • Tenant has been successfully operating at this location for over three decades

INCREASING STORE SALES

  • Tenant Pays Percentage Rent -Tenant sales exceeded Breakpoint in 2020 and 2021 resulting in additional rental income.
  • Sales are on track to exceed Breakpoint in 2022.

BELOW MARKET RENT

  • Tenant is paying well below market rent compared to national Arby’s locations

OUTLOT TO MARSHALLTOWN MALL

  • Marshalltown Shopping Mall is a 345,500 SF center with major tenants including Hobby Lobby, Shoe Sensation, Planet Fitness and a local movie theatre.

Building Size: 2,990 SF

Lot Size: 0.54 AC

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 6,698 27,474 29,350
Avg. HH Income: $63,673 $67,551 $69,649

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.