Absolute NNN Ground Lease | Drive-Thru Location

INVESTMENT 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.

INVESTMENT HIGHLIGHTS

17± Year Absolute NNN Ground Lease w/ Attractive Annual Rental Escalations
Strong Guaranty by an Experienced and Growing Operator (45+ Units)
Trophy Asset in Rapidly Growing Market w/ Affluent Demos
Surrounded by National Tenants and Dense Residential Developments
Brand New Construction on a Corner Lot; Excellent Traffic Counts and Close Proximity to US-75

MARKET OVERVIEW

Venice, Florida, is a charming coastal city located in Sarasota County on the southwestern Gulf Coast of the state. It's known for its beautiful beaches, relaxed atmosphere, and vibrant community. Venice has a picturesque downtown area filled with Mediterranean Revival-style architecture, a legacy from the city's founders in the early 20th century. The downtown is home to many charming shops, restaurants, and cafes. There's also a vibrant arts scene, with local galleries and cultural events happening throughout the year. Venice is famous for its pristine beaches, especially Venice Beach and Caspersen Beach. The city is sometimes called the "Shark Tooth Capital of the World" because of the abundance of fossilized shark teeth found along its shores. Caspersen Beach, in particular, is a popular spot for beachcombers looking for these ancient treasures.
Venice’s economy is primarily driven by tourism, real estate, and retail. It has become a popular spot for seasonal residents, especially retirees, and is known for its welcoming atmosphere and tight-knit community. In summary, Venice, FL, is a scenic and peaceful community with a rich history, beautiful natural surroundings, and a lively cultural scene, making it a great destination for both visitors and residents. Venice is easily accessible by U.S. Highway 41 (Tamiami Trail) and Interstate 75, which connects the city to other parts of Florida. The city also has a small regional airport, Venice Municipal Airport, which serves private planes and small commercial flights. Venice has a good selection of schools within the Sarasota County School District, and it also has access to healthcare facilities, including Venice Regional Bayfront Health and several nearby clinics.