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Investment Details

Price: $2,040,000 Location: Grimes, IA
Cap Rate: 5.00% Lease Type: NNN
NOI: $102,000 Lease Expiration: April 2043
Demographic Information (5-Mile Radius)
2023 Population: 75,601
2028 Population: 78,831
2023 Average Household Income: $144,028
2023 Median Household Income: $105,095
Contact
Deborah Vannelli, CCIM
deb@upland.com
612.376.4475
Keith Sturm, CCIM
keith@upland.com
612.376.4488

ARBY'S

Grimes | Iowa
Highlights
• This Arby’s is on a 20 Year NNN Lease with 5% increases every 5 years.
• The tenant on the lease, DRM, Inc., is one of the largest Arby’s franchisees and operates 98 Arby’s.
• Located in an excellent retail location near Hy-Vee, Menards, Aldi, McDonalds, Starbucks, etc.
• Excellent demographics within a 5-mile radius, with an average household income of $144,028.
• Nearby traffic counts on Interstate 35 average 179,060 vehicles per day.
• Arby’s is located near the GrimesPlex/Hope District Development.

ARBY'S

Grimes | Iowa

Highlights
• This Arby’s is on a 20 Year NNN Lease with 5% increases every 5 years.
• The tenant on the lease, DRM, Inc., is one of the largest Arby’s franchisees and operates 98 Arby’s.
• Located in an excellent retail location near Hy-Vee, Menards, Aldi, McDonalds, Starbucks, etc.
• Excellent demographics within a 5-mile radius, with an average household income of $144,028.
• Nearby traffic counts on Interstate 35 average 179,060 vehicles per day.
• Arby’s is located near the GrimesPlex/Hope District Development.

Investment Details

Price: $2,040,000
Location: Grimes, IA
Cap Rate: 5.00%
Lease Type: NNN
NOI: $102,000
Lease Expiration: April 2043
Demographic Information (5-Mile Radius)
2023 Population: 75,601
2028 Population: 78,831
2023 Average Household Income: $144,028
2023 Median Household Income: $105,095
Contact
Deborah Vannelli, CCIM
deb@upland.com
612.376.4475
Keith Sturm, CCIM
keith@upland.com
612.376.4488

©2015 Upland Real Estate Group, Inc. All rights reserved. Upland Real Estate Group, Inc.
50 South 6th Street | Suite 1418
Minneapolis | MN | 55402
Main: 612.332.6600 | Fax: 612.376.4489
©2015 Upland Real Estate Group, Inc. All rights reserved.
Upland Real Estate Group, Inc.
50 South 6th Street | Suite 1418
Minneapolis | MN | 55402
Main: 612.332.6600 | Fax: 612.376.4489