February 27, 2023 – Brad Canova, Matt Nadler, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of an Arby’s in Port Charlotte, Florida. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,425,000.
Arby’s is located at 395 Kings Highway in Port Charlotte, Florida. The Property was constructed in 2017 and contains a 2,354 square foot building on a 1.13-acre parcel of land. Arby’s has 15 years of term remaining on their absolute NNN lease with three (3), 5-year renewal options. The lease calls for attractive 10% rent increase every five years throughout the primary lease term and at the start of each renewal option. Arby’s is well located along Kings Highway, one of the areas primary commercial and commuter corridors and shares the primary access road with Walmart via a signalized intersection. Walmart received over 2M visits in the last twelve months (Placer.ai). Surrounding national brands include Publix, Walgreens, Wells Fargo, 7-Eleven, Hampton Inn, and Holiday Inn. The property is situated adjacent to I-75 near the offramp to Kings Hwy (29,637 VPD). Port Charlotte is a steadily growing community that saw an 11.5% population growth in the last 10 years.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.