Arby's
19411 Times Circle, Venice, FL
Property Details
- Price $2,346,622
- CAP Rate 4.50%
- Property Type QSR
Property Description
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.
Investment Highlights:
- — 17+ Year Absolute NNN Ground Lease with Attractive Annual Rent Escalations
- — Strong Guaranty by an Experienced and Growing Operator (229+ Units)
- — Trophy Asset in Rapidly Growing Market with Affluent Demographics
- — Surrounded by National Tenants and Dense Residential Developments
- — Brand New Construction on a Corner Lot; Excellent Traffic Counts and Close Proximity to US-75
