NNN Arby's Corporate (Low Rent)
$60k Base Rent | Below Replacement Cost | Strong Sales
Marketing description
We are pleased to present the sale of a corporately guaranteed absolute NNN Arby’s in St. Petersburg, FL. Located along 34th Street North, a major commercial corridor, the property offers investors a passive, zero landlord obligation income stream backed by corporate Arby’s. The site benefits from excellent visibility and convenient corner access, enhancing customer ingress and egress.
Arby’s has operated at this location for nearly 60 years, demonstrating exceptional site commitment and long term stability. There are approx 4.7± years remaining on the primary term with 2 x 5 year options to renew. Combined with the property's modest base rent, the location benefits from a strong rent to sales profile that supports long term tenant occupancy.
The lease includes a 4% percentage rent clause on annual sales exceeding $1M — the tenant paid almost $13k in percentage rent during 2025, providing additional income above the stated base rent.
The property was renovated to Arby’s prototype standards in 2016 and benefits from excellent visibility and access along 34th Street North, with approx 62,500± vehicles per day at the intersection. This offering presents an opportunity to acquire a long established, corporate backed net lease asset in the heart of the Tampa Bay market.
Investment highlights
- High-Performing Store, Low Base Rent — Paying just $60,000 in base rent, this long established location offers exceptional rent to sales metrics and is one of the original Arby’s restaurants in Florida.
- Percentage Rent Upside — 4% on sales exceeding $1M; generated almost $13k in percentage rent in 2025.
- Absolute NNN | $60K Base Rent | Priced Below Replacement Cost
- Absolute NNN Corporate Guarantee — Zero landlord obligations
- Fee Simple — the sale include both building & land (not a ground lease).
- Long-Standing Tenant Commitment — Arby's has operated at this location for nearly 60 years, demonstrating exceptional site commitment.
- 4.7± Years Remaining with 2 x 5 year Options
- Affluent Demographics — Average household income exceeds $100,000 within 1 mile
- High-Traffic Corridor — 62,500± combined VPD at the 34th St N & 5th Ave N intersection with corner cross-access easement.
- 2016 Prototype Renovation
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