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1220 9th Ave SE
Watertown, SD 57201

$2,569,000 USD

Fast Food For Sale  •  3,500 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 3,500 SF
  • Lot Size 0.67 AC
  • Building Class C
  • Year Built 1990
  • Cap Rate 5.50 %
  • Tenancy Single
0 Transit Score
58 Walk Score

Highlights

ABSOLUTE NNN - The property features an Absolute NNN lease with over 19 years of remaining lease term
STRONG AND GROWING SALES – the store has produced above average revenue store sales compared to other Arby’s for the last 3+ years.
PERCENTAGE RENT UPSIDE – the site is operated by DRM, Inc., who operates over 120 Arby’s stores in Illinois, Iowa, Minnesota, Missouri, Nebraska
NATIONAL OPERATOR – the lease features an additional rent clause, based on store sales, allowing the Owner to capture increased returns
CENTRAL LOCATION– the mall is the largest shopping center in town and home to many major brands such as Hy-Vee Grocery Store
MAJOR US HIGHWAY & RETAIL CORRIDOR – the Watertown Shopping Mall sits in the heart of town’s primary retail corridor, featuring national brands
Cap Rate: 5.50 %

Amenities

  • Security System
  • Drive Thru
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 51
Type: Surface
Included in Rent: Yes
Michael Haeder 866-886-0550 Matthews Real Estate Investment Services
Michael Haeder 866-886-0550 Matthews Real Estate Investment Services