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Restaurant

Arby's | Irreplaceable Signalized Corner

3410 N Brady St, Davenport, IA 52806

Listing Price: $1,202,866

Cap Rate
6.00%
Tenant Name
Arby's
Years Remaining On Lease
9.3
Guarantor
Franchisee Guarantee
Rentable SF
3,108
Lease Type
Absolute Net
Rent Per Square Feet
$23.22

Investment Overview

Absolute NNN Leased Arby's with No Landlord Management: Prime Location Arby’s with No Landlord Management Positioned at a Lighted Traffic Signal on a Highly Trafficked Section of South Brady Street (22,000 Vehicles Per Day (VPD)) in Davenport, Iowa

High Traffic Location Positioned at an Irreplaceable Signalized Corner: Investors are Presented the Unique Opportunity to Acquire an Irreplaceable Parcel Positioned at a Signalized Intersection Directly Across from Roger Craig Stadium with Premium Visibility and Accessibility

Healthy Rent to Sales Ratio Indicating Operational Success: This Arby’s Has Operated in Davenport Since 1981 and Currently Boasts a Rent to Sales Ratio of Approximately 7 Percent Indicating Continued Profitability and Stable Operational Fundamentals

Low Rent/Price at Replacement Cost Fortifying Asset: While National Quick Service Restaurant Rents Have Soared, This Asset Features Enhanced Security with Rent at Just $72,172 Per Year ($23 Per Square Foot) Suggesting a High Degree of Replaceability

Guaranteed by Turbo Restaurants US LLC, a Sun Holdings Subsidiary: Lease Guaranteed by Turbo Restaurants US, LLC, a 120 Unit Subsidiary of Sun Holdings, One of the Largest Franchisees in the World with Over 1,600 Restaurants in Operation and $2 Billion in Average Annual Revenue

Positioned in Davenport, IA, the Leading City of the Quad Cities: Davenport Boasts a Dense Five-Mile Population Exceeding 164,000 Resident with an Average Household Income Over $83,000 Providing This Arby’s with an Ideal Consumer Base to Support the Store for Another 40 Years

Investment Highlights

  • Arby's
  • Irreplaceable Signalized Corner
  • Davenport IA

Broker of Record

  • Jon Ruzicka

    Senior Managing Director Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Restaurant

Arby's | Irreplaceable Signalized Corner

Listing Price: $1,202,866

Cap Rate
6.00%
Tenant Name
Arby's
Years Remaining On Lease
9.3
Guarantor
Franchisee Guarantee
Rentable SF
3,108
Lease Type
Absolute Net
Rent Per Square Feet
$23.22

Investment Highlights

  • Arby's
  • Irreplaceable Signalized Corner
  • Davenport IA

Investment Overview

Absolute NNN Leased Arby's with No Landlord Management: Prime Location Arby’s with No Landlord Management Positioned at a Lighted Traffic Signal on a Highly Trafficked Section of South Brady Street (22,000 Vehicles Per Day (VPD)) in Davenport, Iowa High Traffic Location Positioned at an Irreplaceable Signalized Corner: Investors are Presented the Unique Opportunity to Acquire an Irreplaceable Parcel Positioned at a Signalized Intersection Directly Across from Roger Craig Stadium with Premium Visibility and Accessibility Healthy Rent to Sales Ratio Indicating Operational Success: This Arby’s Has Operated in Davenport Since 1981 and Currently Boasts a Rent to Sales Ratio of Approximately 7 Percent Indicating Continued Profitability and Stable Operational Fundamentals Low Rent/Price at Replacement Cost Fortifying Asset: While National Quick Service Restaurant Rents Have Soared, This Asset Features Enhanced Security with Rent at Just $72,172 Per Year ($23 Per Square Foot) Suggesting a High Degree of Replaceability Guaranteed by Turbo Restaurants US LLC, a Sun Holdings Subsidiary: Lease Guaranteed by Turbo Restaurants US, LLC, a 120 Unit Subsidiary of Sun Holdings, One of the Largest Franchisees in the World with Over 1,600 Restaurants in Operation and $2 Billion in Average Annual Revenue Positioned in Davenport, IA, the Leading City of the Quad Cities: Davenport Boasts a Dense Five-Mile Population Exceeding 164,000 Resident with an Average Household Income Over $83,000 Providing This Arby’s with an Ideal Consumer Base to Support the Store for Another 40 Years

Broker of Record

  • Jon Ruzicka

    Senior Managing Director Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

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