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Absolute NNN Lease | Drive Thru Location

$2,346,622

19411 Times Circle, Venice, FL 34292

Active
Last Updated: 02/07/2025

4.5

Cap Rate

105,598

NOI

Details:
Cap Rate:    4.5%
NOI:    $105,598
Building Size:    2,502 sqft
Lot Area:    1.16 acres
Occupancy:    100%
Lease Type:    Absolute Net
Year Built:    2023
Zoning:    CG
Roof:    Tenant's Responsibility
HVAC:    Tenant's Responsibility
Highlights:
  • 17+ Year Absolute NNN Ground Lease with Attractive Annual Rent Escalations
  • Strong Guaranty by an Experienced and Growing Operator (45+ 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
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.

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