Building Details

Tenancy Single

Listing Agency: SRS Real Estate Partners Atlanta m***@srsre.com Show Phone

Listed By: Michael Berk · License #GA 385824

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 31 at 1:07PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Atlanta

Investment Insights

Based on property information with market context.

This drive-through restaurant is occupied by Arby's and subject to a new 20-year absolute NNN lease with rent increases. The lease is associated with a 121-unit operator and guarantee.

The property is located at 400 Evansdale Dr in Evansdale, Iowa, within ZIP code 50707.

Key Highlights

• Arby's drive‑through restaurant
• New 20‑year absolute NNN lease
• Lease includes rent bumps

Property Analytics

Current Use

Drive through restaurants

Suggested Use

Top Pick Dental Office Restaurant Building Supply Big Box & Wholesale Store Pharmacy Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

45

Businesses Nearby

Explore this area Business Placement

Demographics for 50707, IA

7,708

Population

3,555

Households

2.2

Avg Household Size

42

Median Age

14%

College-Educated

90%

High-School Grad

8.2 sq mi

ZIP Area

940

Density / Sq Mi

$61,451

Median Household Income

$32,815

Median Earnings

$922

Median Rent

$142,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this drive through restaurants located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Auto Shop on Corner Lot

3422 Lafayette Road, Evansdale, IA 50707

$199,900

2,064 SF

View details

Insulated Flex Space With Overhead Door

3773 Lafayette Rd, Evansdale, IA 50707

Contact for pricing

2,100 SF

View details

Auto Shop with Central Air

3422 Lafayette Road, Evansdale, IA 50707

$199,900

0.23 Acres

View details

Restaurant Building For Sale

715 Doris Dr, Evansdale, IA 50707

$1,641,026

View details

Frequently Asked Questions

What type of property is this?

Drive through restaurant - Occupied by Arby's under a new 20-year lease with rent increases.

Where is this drive through restaurant located?

The property is located at 400 Evansdale Dr Evansdale, IA.

What are key features of this property?

This property features: Arby's drive‑through restaurant; New 20‑year absolute NNN lease; Lease includes rent bumps