STNL Arby's
Brand-New Construction | Absolute NNN Ground Lease
Overview
Offering Specifications
- Price $2,460,380
- CAP Rate 5.00%
- Price/SF $1,046.97
- Net Operating Income $123,019
- Square Footage 2,350
- Year Built 2023
- Lot Size 1.1 Acres
- Ownership Type Ground Lease
- Lease Term Remaining 18 Years
- 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 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.
