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32213394
32213214

803 E. Memorial Blvd, Lakeland, FL 33801 For Sale

DS
FL BK3113265
Solid Investments
Listed by Solid Investments
$1,372,000
84 days on market
Updated 34 days ago
Opportunity zone

NNN Arby's Corporate

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 1,984
Net Rentable (SqFt) 1,984
Cap Rate 5.25%
NOI $72,000
Tenancy Single
Brand/Tenant Arby's
Lease Type Absolute NNN
Lease Term 37
Lease Expiration 02/28/2031
Remaining Term 5
Lease Options (2) 5-year
Year Built 1989
Year Renovated 2019
Acreage 0.670
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/01/1989
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange

Low Rent | 37+ Year Operating History | Corporate Lease

Marketing description

Absolute NNN Corporate Arby's in Lakeland, FL — a federally designated Qualified Opportunity Zone — offered at $1,372,000 (5.25% Cap) with $72,000 NOI and 4.7± years remaining on a corporate lease (exp. 2/28/2031) plus two 5-year options.

This is hard Florida real estate priced below replacement cost. Corporate rent covers your carry while the Lakeland CRA actively revitalizes the US-92 / Memorial Blvd corridor around it. The short lease term isn't a risk — it's your exit runway.

This property is located within a federally designated Qualified Opportunity Zone (Census Tract 12105016400, Polk County, FL). Investors with capital gains from a business sale, stock sale, or other liquidity event may be able to defer — and ultimately eliminate — federal capital gains taxes on appreciation when structured through a Qualified Opportunity Fund (QOF). Hold 10 years, sell tax-free on the upside. Talk to your CPA.

37+ years at this location. Zero landlord obligations. Renovated 2019. 41,000+ VPD. 150,000+ residents within 5 miles.

Investment highlights

  • Absolute NNN lease with zero landlord responsibilities
  • Corporate guaranteed lease
  • 4.7± years remaining plus 2 x 5-year options
  • Long term operating history since 1989 (37+ years)
  • Below market rent profile supports tenant occupancy economics
  • Lakeland CRA active corridor revitalization on US-92 / Memorial Blvd
  • Located in federally designated Qualified Opportunity Zone — eligible investors may eliminate capital gains tax on appreciation (10-year hold, consult your tax advisor)
  • High exposure retail corridor with strong surrounding national tenancy
  • 4% Percentage Rent Override on Sales Above $1.1 Million Provides Additional Income Upside

Listing Contacts

DS
FL BK3113265
Solid Investments
Listed by Solid Investments

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$72,000.00
$6,000.00/mo

Valuation Metrics

0
DSCR
5.25%
Cap Rate
5.25%
ROI

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Additional Information

Name
Derrick Schroeder
License
BK3113265
Brokerage
Solid Investments FL, Inc
Brokerage Phone
9542966955
Title
FL
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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