19411 Times Cir - Fast Food FOR SALE


Venice, FL 34292
$2,346,622 USD
415-730-3783
19411 Times Cir, Venice, FL for Sale
$2,346,622 USD
Fast Food - FOR SALE
1/11
null | 4.5% Cap Rate

19411 Times Cir
Venice, FL 34292


HIGHLIGHTS

  • 17+ Year Absolute NNN Ground Lease with Attractive Annual Rent Escalations
  • Strong Guaranty by an Experienced and Growing Operator (45+ Units)
  • Surrounded by National Tenants and Dense Residential Developments
  • Brand New Construction on a Corner Lot; Excellent Traffic Counts and Close Proximity to US-75

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,346,622 USD

PRICE/SF

$938 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,796 SF

ZONING

CG

APN/PARCEL ID

0415-11-0140

ASK ABOUT THIS PROPERTY

Michael CisterninoEssential CREMore Info
415-730-3783

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Michael CisterninoEssential CREMore Info
415-730-3783

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.