Brand New Construction | 20 Year Absolute NNN Lease

Highlights:

• Brand-New, 20-Year Ground Lease with 18 Years Remaining; 1.25% Annual Rental Increases Provide a Hedge Against Inflation
• Strong Corporate Guaranty by an Experienced and Growing Operator (50+ Units) who Maintains a Strong Rent-to-Sales Ratio across their Portfolio
• Zero Landlord Maintenance/Expense Obligations; Sales Reporting Required per Lease
• Rapid Population Growth Projected – 5.08% within a 1 Mile Radius by 2027

Description:

Essential CRE has been exclusively retained to present the opportunity to acquire a trophy, single tenant, absolute net leased Arby’s in Lecanto, FL. The subject property is 2,350 square feet and resides on 1.10 acres of land, currently under construction. Rent commenced on 3/31/2023 and construction is slated to be completed by the end of Q4, 2025. The subject property features an absolute NNN ground lease with annual rent escalations and 18 years of lease term remaining. Situated on a high-visibility pad, Arby’s is anchored by a Super Walmart and located along a bustling retail corridor that includes national tenants such as McDonald’s, Culver’s, Wawa, Circle K, Wendy’s and more. Arby's is also adjacent to a planned neighborhood center that will be home to Target, ALDI, Starbucks, Panera and many others.