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Restaurant

Arby's | Ranked Top 10% | 20 YR SLB

706 11th St SW, Spencer, IA 51301

Listing Price: $2,695,268

Cap Rate
5.50%
Tenant Name
AES Midwest LLC
Gross SF
2,971
Guarantor
Franchisee Guarantee
Rentable SF
2,971
Price/Gross SF
$907.19
Lease Type
Absolute Net
Rent Per Square Feet
$49.90

Investment Overview

Marcus & Millichap is proud to present a Top Performing Arby's in Spencer, Iowa featuring a brand-new 20-year lease at closing. AES Restaurant Groups operates over 187 Arby's locations nationwide.

Investment Highlights

  • Placer AI Ranked Top 10% in the Nation.
  • Outparcel to Walmart Supercenter. Located along U.S. Hwy 71, a major thoroughfare and rest stop for travelers.
  • The only Arby's within a 20-mile radius.
  • Strong tenant, AES Restaurant Group operates over 187 locations nationwide.
  • Healthy Rent to Sales Ratio
  • Long term 20-year lease with 10% rent increases every 5 provide a strong hedge against inflation.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Restaurant

Arby's | Ranked Top 10% | 20 YR SLB

Listing Price: $2,695,268

Cap Rate
5.50%
Tenant Name
AES Midwest LLC
Gross SF
2,971
Guarantor
Franchisee Guarantee
Rentable SF
2,971
Price/Gross SF
$907.19
Lease Type
Absolute Net
Rent Per Square Feet
$49.90

Investment Highlights

  • Placer AI Ranked Top 10% in the Nation.
  • Outparcel to Walmart Supercenter. Located along U.S. Hwy 71, a major thoroughfare and rest stop for travelers.
  • The only Arby's within a 20-mile radius.
  • Strong tenant, AES Restaurant Group operates over 187 locations nationwide.
  • Healthy Rent to Sales Ratio
  • Long term 20-year lease with 10% rent increases every 5 provide a strong hedge against inflation.

Investment Overview

Marcus & Millichap is proud to present a Top Performing Arby's in Spencer, Iowa featuring a brand-new 20-year lease at closing. AES Restaurant Groups operates over 187 Arby's locations nationwide.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

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