408 Jefferson Way Indianola, IA 50125-1714
Property profile & analytics
408 Jefferson Way Indianola, IA 50125-1714
- Drive through restaurants
- 3,314 SF
- 0.99 lot acres
Property ID
US25-1967224
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Arby's / Restaurant / Take-out & Catering
Property Details for 408 Jefferson Way
- Year built
- 1978
- Lot size
- 0.99 lot acres
- Property size
- 3,314 SF
- Property type
- Drive through restaurants
- APN
- 48860000980
- APU
- 48860000980
Description
This exceptional investment opportunity presents a fee-simple interest in a thriving Arby's restaurant located at 408 N Jefferson Way, Indianola, Iowa. The property boasts a 3,314 square foot building on a 0.99-acre lot, completely renovated in 2004. Currently operating under a corporate-guaranteed, absolute NNN lease with a remaining term of 5.1 years (expiring December 31, 2029), this single-tenant property offers significant long-term stability. The tenant, DRM Inc., the second-largest Arby's franchisee, recently exercised a five-year option extension, demonstrating their strong commitment to the location. This lease structure ensures minimal landlord responsibilities. The property enjoys a 7.00% cap rate and a Net Operating Income (NOI) of $76,404. Its prime location on US-65, a major north-south thoroughfare connecting Indianola to Des Moines, provides exceptional visibility and accessibility. The property's proximity to other retail anchors like Walmart and Hy-Vee, along with schools and Simpson College, further enhances its desirability. The Warren County location benefits from being part of the Des Moines metro area, serving a population of nearly 750,000. The asking price is $1,091,000. The property's APN is 48860000980. This is a rare opportunity to acquire a well-established, high-performing retail asset with a strong tenant and excellent location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $960,000
- ML approach
- $900,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Indianola
- County
- Warren
- State
- Iowa
- Longitude
- -93.5577
- Latitude
- 41.3641
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$22,378
$215,900
$499,600
$715,500
-
$215,900
$499,600
$715,500
