NNN Arby's Corporate
Low Rent | 5.25% CAP | 37+ Year Operating History
Marketing description
Absolute NNN Corporate Arby’s located in Lakeland, Florida, offered at $1,372,000 (5.25% Cap) with $72,000 NOI. The property features 5± years remaining on the corporate lease (expiring 2/28/2031), plus two 5-year renewal options, providing near-term income with long-term upside.
Long-Standing Tenant Commitment – Arby’s has successfully operated at this location for 37+ years (since 1989), demonstrating long-term site commitment and durability.
Low Rent / Residual Value Opportunity – Attractive low annual base rent of only $72,000 enhances long-term occupancy economics for the tenant while supporting potential residual real estate value.
Strong Infill Location – The 1,984± SF freestanding restaurant sits on a 0.67± acre parcel with 41,000+ vehicles per day along Memorial Blvd, in a dense retail corridor near national retailers and Lakeland Regional Medical Center, one of Florida’s largest single-site hospitals.
Percentage Rent Upside — Lease includes a 4% percentage rent override on annual sales above $1.1 million, providing potential additional income and inflation participation.
Updated Store – Property was renovated in 2019.
Strong Demographics – Over 150,000 residents within 5 miles with $81,000 average household income.
Investment highlights
- Absolute NNN lease with zero landlord responsibilities
- Corporate guaranteed lease
- 5± years remaining plus 2 x 5-year options
- Long-term operating history since 1989
- Below-market rent profile supports tenant occupancy economics
- High exposure signalized retail corridor with strong surrounding national tenancy
- 4% Percentage Rent Override on Sales Above $1.1 Million Provides Additional Income Upside
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