Overview

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 SF 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 Q3, 2023. The subject property features and absolute NN ground lease with annual rent escalations and 19+ 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

Highlights

• Brand-New, 20-Year Ground Lease with 19+ 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

Documents

---