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21430753
21430769

19411 Times Cir, Venice, FL 34292

MC
CA CA 01708023, NV NV 1002492 (+1)
Essential Capital Advisors
DO
CA CA 01975883
Essential Capital Advisors
Listed by Essential Capital Advisors
$2,325,000
490 days on market
Updated 56 days ago

Arby's

Details
APN 0415-11-0140
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,502
Cap Rate 4.61%
NOI $107,182
Tenancy Single
Brand/Tenant Arby's
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 09/30/2042
Remaining Term 16.3
Rent Bumps Yes
Lease Options Five, 5-Year
Year Built 2023
Acreage 1.160
Zoning CG
Tenant Credit Credit Rated
Lease Commencement 10/01/2022
Ground Lease Yes
Ownership Ground Lease

Absolute NNN Ground Lease | Drive-Thru Location

Marketing 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 16+ 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

  • 16+ Year Absolute NNN Ground Lease with Attractive Annual Rent Escalations

  • Strong Guaranty by an Experienced Growing Operator (229+ Units)

  • Trophy Asset in Rapidly Growing Market with Affluent Demographics

  • Surrounded by National Tenants and Dense Residenital Developments

  • Brand New Construction on a Corner Lot; Excellent Traffic Counts and Close Proximity to US-75

Listing Contacts

MC
CA CA 01708023, NV NV 1002492 (+1)
Essential Capital Advisors
DO
CA CA 01975883
Essential Capital Advisors
Listed by Essential Capital Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$107,182.00
$8,931.83/mo

Valuation Metrics

0
DSCR
4.61%
Cap Rate
4.61%
ROI

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