STNL Arby's
Absolute NNN Ground Lease | Drive-Thru Location
Overview
Offering Specifications
- Price $2,346,622
- CAP Rate 4.50%
- Price/SF $937.90
- Net Operating Income $105,598
- Square Footage 2,502
- Year Built 2023
- Lot Size 1.16 Acres
- Ownership Type Ground Lease
- Lease Term Remaining 17+ Years
- Lease Type Absolute NNN
Essential CRE has been exclusively retained to present the opportunity to acquire a trophy, single tenant, absolute net leased Arby’s in Venice, FL. The subject property is comprised of a 2502 square foot building situated on 1.16 acres of land. It features an absolute NNN ground lease with annual rent escalations and 17+ years of initial term remaining. Positioned on a high visibility corner pad along a bustling retail corridor, the property is enveloped by notable national tenants such as McDonald’s, Culver’s, Taco Bell, Starbucks, Dunkin', Wawa, Speedway, RaceTrac and Tractor Supply.
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