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19411 Times Cir 2,502 SF Retail Building Venice, FL 34292 $2,325,000 ($929.26/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
$2,325,000
Price Per SF
$929.26
Cap Rate
4.61%
NOI
$107,182
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 | $516,700 |
| Land Assessment | $942,100 | Total Assessment | $1,458,800 |
PROPERTY TAXES
Parcel Number
0415-11-0140
Land Assessment
$942,100
Improvements Assessment
$516,700
Total Assessment
$1,458,800
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19411 Times Cir
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