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19411 Times Cir 2,502 SF Retail Building Venice, FL 34292 $3,245,514 CAD ($1,297.17 CAD/SF) 4.61% Cap Rate
INVESTMENT HIGHLIGHTS
- 16+ Year Absolute NNN Ground Lease with Attractive Annual Rent Escalations
- Surrounded by National Tenants and Dense Residential Developments
- Strong Guaranty by an Experienced and Growing Operator (229+ Units)
- Brand New Construction on a Corner Lot; Excellent Traffic Counts and Close Proximity to US-75
EXECUTIVE SUMMARY
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 16+ 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.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,502 SF
Building Class
C
Year Built
2023
Price
$3,245,514 CAD
Price Per SF
$1,297.17 CAD
Cap Rate
4.61%
NOI
$149,618 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.17 AC
Zoning
CG - Commercial use
Parking
25 Spaces (9.99 Spaces per 1,000 SF Leased)
Frontage
127’ on Times Circle
AMENITIES
- Corner Lot
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0415-11-0140 | Improvements Assessment | $724,878 CAD |
| Land Assessment | $1,321,672 CAD | Total Assessment | $2,046,550 CAD |
PROPERTY TAXES
Parcel Number
0415-11-0140
Land Assessment
$1,321,672 CAD
Improvements Assessment
$724,878 CAD
Total Assessment
$2,046,550 CAD
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19411 Times Cir
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