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Arby’s Restaurant with Ground Lease
For Sale
Contact for pricing
Pending

1177 N Lecanto Hwy, Lecanto, FL 34461

Single-tenant restaurant on a pad supported by an absolute NNN ground lease and annual rent escalations.

Property Size2,350 SF
Lot Size1.10 Acres
Days on Market144

Property Features for 1177 N Lecanto Hwy

General Information

Standard status Pending
Size 2,350 SF
Lot size 1.10 Acres
Property subtype Retail
Occupancy 100%

Building Details

Tenancy Single
Listing Agency: Essential Capital Advisors
Listed By: Michael Cisternino · License #CA 01708023
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 31 at 9:44PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Essential Capital Advisors

Investment Insights

Based on property information with market context.

This single-tenant Arby’s restaurant occupies 2,350 square feet on a 1.10-acre site at 1177 N Lecanto Hwy in Lecanto, Florida. The building is under construction, with completion scheduled for the end of Q4 2025. The property is subject to an absolute NNN ground lease, with rent commencing on 3/31/2023, annual rent escalations, and 18 years of remaining lease term.

The restaurant is positioned on a high-visibility pad within a retail corridor that includes McDonald’s, Culver’s, Wawa, Circle K, and Wendy’s. A planned neighborhood center adjacent to the property is expected to include Target, ALDI, Starbucks, and Panera.

Key Highlights

  • 2,350‑square‑foot Arby’s restaurant on 1.10 acres
  • Absolute NNN ground lease with annual rent escalations
  • 18 years of lease term remaining

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick HVAC Service Plumbing Service Garden Center (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

120
Businesses Nearby
Well-served
Demand for This Use

Demographics for 34461, FL

11,388
Population
5,552
Households
2.1
Avg Household Size
58
Median Age
23%
College-Educated
92%
High-School Grad
45.8 sq mi
ZIP Area
249
Density / Sq Mi
$60,795
Median Household Income
$33,825
Median Earnings
$1,190
Median Rent
$287,200
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Single-tenant restaurant on a pad supported by an absolute NNN ground lease and annual rent escalations.
Where is this conventional restaurant located?
The property is located at 1177 N Lecanto Hwy Lecanto, FL.
What are key features of this property?
This property features: 2,350‑square‑foot Arby’s restaurant on 1.10 acres; Absolute NNN ground lease with annual rent escalations; 18 years of lease term remaining
More about this property
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