May 16, 2022 – Kyle Danielson and Ryan O’Rourke of Horvath & Tremblay have successfully completed the sale of an Arby’s in Bettendorf, Iowa. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,640,000.
Arby’s is located at 3525 Middle Road in Bettendorf, Iowa. Arby’s signed a new, 15-year lease at the Property in December 2021. The absolute triple-net lease currently has 15 years of term remaining plus three (3), 5-year renewal options. Both the initial term and renewal terms include an attractive 5% rent increase every five years. Additionally, the Property is slated to be remodeled to Arby’s modern “Inspire” design, demonstrating their continued commitment to the site and market. The Property is well located along Middle Road, adjacent to the signalized intersection with Devils Glen Road, which sees more than 28,500 vehicles per day. The Property enjoys excellent visibility, frontage, and access from Middle Road, with a number of national tenants drawing traffic to the area. There are also a number of school campuses, including Scott Community College and Pleasant Valley High School, and residential neighborhoods in close proximity that provide a strong consumer base for the area.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.