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
Financing By
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
Financing By
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