Corporate Arby's NNN
For Sale
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803 E Memorial Blvd, Lakeland, FL 33801
Freestanding restaurant renovated in 2019 with an absolute NNN corporate lease.
Property Size1,984 SF
Lot Size0.67 Acres
Price / SF$691.53
Days on Market171
Property Features for 803 E Memorial Blvd
General Information
Standard status
Active
Size
1,984 SF
Lot size
0.67 Acres
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$72,000
Financials
Asking Price
$1,372,000
Cap Rate
5.25%
Additional Details
Traffic Count
41,000 vehicles/day
Building Details
Year Built
1989
Year Renovated
2019
Buildings
1
Tenancy
Single
Listing Agency:
Solid Investments
Listed By:
Derrick Schroeder · License #BK3113265
Source:
Crexi
Added: Apr 29
Changed: Oct 13
Last Checked: Oct 16 at 7:59AM
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 Solid Investments
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Investment Insights
Based on property information with market context.
This freestanding Arby's restaurant contains 1,984± square feet on a 0.67± acre parcel. The building was renovated in 2019 and operates under an absolute NNN corporate lease. The current lease has approximately 5± years remaining, expires on 2/28/2031, and includes two 5-year renewal options. A 4% percentage-rent override applies to annual sales above the stated threshold in the lease.
The property is located at 803 E. Memorial Blvd in Lakeland, Florida, along a corridor reporting more than 41,000 vehicles per day. The surrounding area includes national retailers and Lakeland Regional Medical Center. Arby's has operated at this location since 1989, providing an established operating history at the site.
The property is located at 803 E. Memorial Blvd in Lakeland, Florida, along a corridor reporting more than 41,000 vehicles per day. The surrounding area includes national retailers and Lakeland Regional Medical Center. Arby's has operated at this location since 1989, providing an established operating history at the site.
Key Highlights
- 1,984± SF freestanding Arby's restaurant
- 0.67± acre parcel on Memorial Blvd
- Absolute NNN corporate lease with 5± years remaining
Property Analytics
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Current Use
Lease Details
41,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,736
Businesses Nearby
113k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 40%
Groceries 5%
Electronics 3%
McDonald's
Dining
22,127 visits/mo
0.1 miles
7-Eleven
Shops & Services
20,624 visits/mo
0.4 miles
Checkers
Dining
9,142 visits/mo
0.2 miles
Dollar General
Shops & Services
7,355 visits/mo
0.3 miles
Krystal
Dining
7,252 visits/mo
0.1 miles
Demographics for 33801, FL
36,798
Population
15,365
Households
2.4
Avg Household Size
34
Median Age
16%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,947
Density / Sq Mi
$49,210
Median Household Income
$30,055
Median Earnings
$1,100
Median Rent
$138,700
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Freestanding restaurant renovated in 2019 with an absolute NNN corporate lease.
Where is this nnn property located?
The property is located at 803 E Memorial Blvd Lakeland, FL.
What is the asking price?
The asking price for this property is $1,372,000.
What are key features of this property?
This property features: 1,984± SF freestanding Arby's restaurant; 0.67± acre parcel on Memorial Blvd; Absolute NNN corporate lease with 5± years remaining
