Absolute NNN Lease | Drive Thru Location
$2,346,622
19411 Times Circle, Venice, FL 34292
For Sale
Retail
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.
Documents:
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Offering Memorandum
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Location
Gallery
