Arby's - Indianola, IA_Property for Sale
Arby's - Indianola, IA_Property for Sale
408 North Jefferson Way, Indianola, IA, 50125, US

Arby's - Indianola, IA

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in Arby's located at 408 N Jefferson Way in Indianola, Iowa. The single tenant asset is 100% leased to DRM Inc. and is under an absolute NNN lease, which leaves no responsibilities for the landlord. The 3,314 SF building was completely renovated in 2004 and sits on 0.99 acres of land. Arby's recently exercised their five-year option, which takes effect in January 2025. This extension leaves just over five years of term remaining on the lease and signals the tenant's commitment to the site.


DRM, Inc. is the 2nd largest Arby's franchisee and operates 121 Arby's restaurants across seven states. The company has identified growth opportunities and has committed to opening 25 new Arby’s restaurants over the next seven years. DRM acquired 12 Arby's restaurants in Iowa in early 2024, demonstrating their commitment to the Iowa market. Arby's has over 3,500 locations across nine countries and is continuing to expand both domestically and internationally. Arby's is a part of the Inspire Brands portfolio of companies, which has over 32,000 restaurants across brands such as Dunkin’ Donuts, Baskin-Robbins, Buffalo Wild Wings, Jimmy John’s, and Sonic.


The property is situated on US-65 and benefits from a clear, unobstructed view from this arterial roadway. US-65 is the primary north-south thoroughfare serving Indianola and connects the city to Des Moines to the north. The site is also less than half a mile from IA-92, the primary east-west thoroughfare serving Indianola. The property is within a mile from retail traffic drivers such as Walmart and Hy-Vee and other traffic drivers such as Simpson College, Indianola High School, Emerson Elementary School, and Irving Elementary School. Indianola is within the Des Moines metro, which supports a population nearly 750,000 people.


Please see OM for more information.

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Attributes

Asking price
IDR 19,691,981,000
Cap rate
6.25%
Building area net
308 m²
Land area gross
0.4 ha
Occupancy
100%
WALT
5.5 years
Year renovated
2004

Media

Investment Highlights

SINGLE TENANT ABSOLUTE NET LEASE WITH FIVE YEAR EXTENSION

• The tenant has been in-place for 20 years and recently exercised their second of three five-year options, signaling the their continued commitment to the site

• The tenant is on an absolute NNN lease, leaving no responsibilities for the landlord


2ND LARGEST ARBY'S FRANCHISEE

• The lease is signed directly with DRM, Inc., Arby's 2nd largest franchisee

• DRM operates over 120 Arby's locations across seven states


HIGH VISIBILITY FROM ARTERIAL ROADWAY

• The site benefits from a clear, unobstructed view from US-65, the primary north-south roadway serving Indianola

• US-65 connects Indianola to Des Moines and connects the property to IA-92, the primary east-west roadway serving the city


PROXIMITY TO TRAFFIC DRIVERS

• The site is located with a mile from retail traffic drivers such as Walmart and Hy-Vee

• Other traffic drivers within that distance include Simpson College, Indianola High School, Emerson Elementary School, and Irving Elementary School

Contact brokers

Arby's - Indianola, IA (0 Properties)

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Last updated
26 Jun 2024