STNL Arby's
Brand-New Construction | 20 Year Absolute NNN Ground Lease
OVERVIEW
Offering Specifications
- Price $2,400,000
- CAP Rate 5.00%
- Price/SF $1,021.28
- Net Operating Income $120,000
- Square Footage 2,350
- Year Built 2023
- Ownership Type Ground Lease
- Lease Type Absolute NNN
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 NNN 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.
