NNN Arby's Corporate – Lakeland, FL

SOLID INVESTMENTS

Co-LISTED With GM Real Estate & Development

Exclusively Offered · Absolute NNN · Corporate Guarantee

NNN Arby's Corporate

Lakeland, Florida

$1,372,000

Asking Price

5.25%

CAP Rate

$72,000

NOI (Annual)

4.7± Yrs

Lease Term Remaining

Investment Summary

Property & Lease Overview

$1,372,000

Asking Price

5.25%

CAP Rate

$72,000

Net Operating Income

4.7± Yrs

Remaining Term

Property Details

Address	803 E. Memorial Blvd, Lakeland, FL
Building Size	1,984± SF
Lot Size	0.67± Acres
Year Built / Renovated	1989 / 2019
Lease Type	Absolute NNN Fee Simple (Building & Land)
Landlord Obligations	None
Lease Guarantor	Corporate
ROFR	Yes

Lease Schedule

Lease Commencement	November 1, 1989
Lease Expiration	February 28, 2031
Options to Renew	(2) 5-Year Options
Percentage Rent	4% on sales > $1.1M
Original Term Rent	$3,500 / Mo · $42,000 / Yr
Current Term Rent	$6,000 / Mo · $72,000 / Yr
Option 1 Rent	$6,000 / Mo · $72,000 / Yr
Option 2 Rent	$6,000 / Mo · $72,000 / Yr

Strategic Overview

The Investment Thesis

This is not a typical passive NNN deal — and that's precisely the opportunity. The buyer who wins here understands that they're acquiring hard Florida real estate below replacement cost, with a corporate-guaranteed income stream that carries the asset while a city-backed revitalization plays out around it. The 4.7-year lease term isn't a liability — it's a built-in horizon for a value-add investor with a clear exit.

$1.37M

Ask Price

Below replacement cost for a QSR pad site on a 0.67-acre lot in FL

$72K

Annual NNN Carry

Zero landlord obligations — truly passive income while you wait

4.7± Yrs

Lease Runway

Long enough to plan & permit; short enough to see the exit clearly

Why This Deal Works

✔
Below Replacement Cost — acquiring land + improved QSR building on 0.67 acres along a major FL arterial (40,000+ VPD) at this basis is difficult to replicate at new construction costs

✔
Corporate Rent as a Carry — Arby's corporate guarantee funds $72K/yr NNN with zero management, covering holding costs while the corridor repositions

✔
City-Backed Exit Catalyst — the LCRA's active Memorial Blvd revitalization initiative is creating the conditions for stronger re-tenanting or redevelopment demand at lease expiration

✔
Multiple Exit Paths — re-lease to new QSR/retail user, redevelop the pad, or sell the land into a rising corridor at a premium basis

Who This Deal Is For

✦ Value-Add / Opportunistic Investors

Buyers seeking hard-asset FL real estate at a low basis with defined upside — not just a coupon clip

✦ Developers & Redevelopers

4.7 years provides ample time to plan, permit, and position — with rent covering carry costs throughout

✦ 1031 Exchange Buyers

Low price point, NNN structure, and corporate guarantee check the boxes — with meaningful upside beyond the exchange

Value-Add Upside

Corridor of Opportunity — US-92 / Memorial Blvd

The subject property sits within one of Central Florida's most significant publicly-backed corridor revitalization initiatives. The City of Lakeland and the Lakeland Community Redevelopment Agency (LCRA) have launched a comprehensive Economic Development Strategy targeting the full 6.1-mile stretch of US-92 / Memorial Boulevard — the same arterial on which this Arby's operates. This city-led initiative represents a meaningful future value catalyst for long-term holders.

The City's Stated Objectives

✔
Attract New Private Investment — corridor repositioning to draw additional commercial, retail, and mixed-use development

✔
Infrastructure & Aesthetic Improvements — streetscaping, pedestrian safety upgrades, and visual corridor enhancements

✔
Strengthen Residential Communities — adjacent neighborhood investment and stabilization

✔
Increase Employment & Economic Activity — stimulate job creation and business formation along the corridor

✔
Community-Driven Planning Process — city study in collaboration with Ayres Associates, a professional planning firm

Why This Matters to the Investor

✦ Land Value Appreciation — public investment historically drives surrounding land value increases
✦ Increased Co-Tenancy — corridor repositioning typically attracts new national retailers and QSR users
✦ Higher Residual Value — at lease expiration, a revitalized corridor commands stronger redevelopment or re-lease demand
✦ Protected Income Today — absolute NNN corporate lease provides cash-flow stability while the upside plays out

Project Scale

1,048 parcels · 990.9 total acres · 6.1-mile corridor
303.8 acres of public right-of-way targeted for improvement

Additional Resources & Source References

↗ Lakeland CRA — Memorial Blvd Economic Development Strategy ↗ LCRA Signature Projects & Corridor Map ↗ City of Lakeland — Revitalizing 92: A Vision for Memorial Blvd

Tax Incentive

Qualified Opportunity Zone

This property is located within a federally designated Qualified Opportunity Zone (QOZ) — Census Tract 12105016400, Polk County, Florida — as confirmed by IRS Notice 2018-48 and the U.S. Treasury's official list of designated QOZs. Under the One Big Beautiful Bill Act of 2025, the Opportunity Zone program has been made permanent, offering eligible investors meaningful federal tax incentives when structured through a Qualified Opportunity Fund (QOF).

✦ 5-Year Hold Benefit

Investors who roll eligible capital gains into a QOF and hold for 5 years receive a 10% reduction on the original deferred gain — reducing the taxable basis of the gains brought into the fund.

✦ 10-Year Hold Benefit

Investors who hold for 10+ years pay zero federal capital gains tax on all new appreciation generated by the QOZ investment at the time of sale — the headline benefit of the program.

Program Now Permanent

The One Big Beautiful Bill Act (July 4, 2025) repealed the OZ sunset and established a rolling 5-year deferral for all new investments — no deadline pressure for buyers.

Who This Benefits

Investors with capital gains from a recent sale of real estate, a business, or securities — gains must be reinvested within 180 days of the triggering event through a certified QOF.

Important Notice: The QOZ tax incentives described above are subject to eligibility requirements, holding period rules, and structuring considerations under federal tax law. This summary is for informational purposes only and does not constitute tax, legal, or investment advice. Consult your qualified tax advisor, CPA, or attorney. Solid Investments makes no representations regarding tax consequences of any investment.

Official Source References

↗ IRS Notice 2018-48 — Official Designated QOZ Tract List ↗ U.S. Treasury CDFI Fund — Opportunity Zones Resources ↗ Novogradac — Opportunity Zone Resource Center

Redevelopment Context

Memorial Blvd Revitalization Study Area

The map below shows the full 6.1-mile US-92 / Memorial Boulevard corridor designated for revitalization by the City of Lakeland and the LCRA. The subject Arby's at 803 E. Memorial Blvd sits directly within this study area — positioned near the center of the corridor, between I-4 and Downtown Lakeland, in the heart of the redevelopment zone.

Memorial Boulevard Corridor Revitalization Study Area – Ayres Associates Map 2

Source: Ayres Associates · Memorial Boulevard Economic Development Strategy · City of Lakeland · Map 2 (Dec 2024) — Orange dashed line denotes Lakeland CRA boundary; black outline marks the Memorial Boulevard Project Area

Site Map

Aerial View

Regional Context

Location Overview

Investment Highlights

Property Highlights

Absolute NNN Corporate Arby's
✔

                                    Long Standing Tenant Commitment — Arby's has operated at this location for 37+ years (since 1989)
                                
✔

                                    4.7± years remaining on the Lease with 2 × 5-year Options to Renew
                                
✔

                                    Percentage Rent Clause — 4% percentage rent override on sales exceeding $1.1M
                                
✔

                                    Low annual base rent of just $72,000
                                
✔

                                    Absolute NNN — Zero Landlord Obligations
                                
✔
Store was recently renovated to Arby's latest prototype standards (2019)

Located in Major Retail Area
✔

                                    Strong Traffic Counts of 41,000+ VPD along Memorial Blvd
                                
✔

                                    Solid Demographics — More than 150,000 people within 5 miles with Avg HH Income of $75,000±
                                
✔
Surrounding retailers include McDonald's, Steak & Shake, Taco Bell, 7-Eleven, Walgreens, and more
                                
✔
Close proximity to Lakeland Regional Medical Center — one of the largest single-site hospitals in Florida
                                
✔
Qualified Opportunity Zone — located within federally designated QOZ Census Tract 12105016400 (Polk County, FL); eligible investors may qualify for significant federal capital gains tax incentives when structured through a QOF (consult your tax advisor)
                                

Photography

Property Photos

Trade Area Analysis

Demographics

Category	1-Mile	3-Mile	5-Mile
Total Population	8,578	72,041	149,913
Average HH Income	$62,121	$72,962	$81,020
Traffic Count (VPD)	—	—	40,000+ VPD

Key Trade Area Facts

✔ 150,000+ residents within 5-mile radius
✔ Avg HH Income $81,000± within 5 miles
✔ 40,000+ VPD on Memorial Blvd
✔ Lakeland Regional Medical Center nearby
✔ Major national retailers surrounding site

Location Intelligence

Market Overview – Lakeland, FL

Lakeland is centrally located between Tampa and Orlando along the highly trafficked I-4 corridor, making it one of the most strategically positioned cities in Central Florida. As the largest city in Polk County, Lakeland benefits from strong regional connectivity, steady population growth, and increasing demand from both residents and businesses seeking more affordable alternatives to nearby major metros.

Lakeland's economy is anchored by major employers such as Publix Super Markets (headquartered locally), GEICO, and Amazon distribution facilities, along with a growing logistics and distribution sector driven by its central location. The city also benefits from institutions like Florida Southern College, home to the world's largest single-site collection of Frank Lloyd Wright architecture.

Lakeland is known for its scenic lakes, historic downtown, and high quality of life. The area features numerous parks, recreational amenities, and a revitalized downtown district that continues to attract new retail, dining, and residential development. Its balance of affordability, accessibility, and lifestyle has made Lakeland one of the fastest-growing markets in Central Florida.

Polk County has experienced significant population growth in recent years and now exceeds 800,000 residents, supported by continued in-migration from higher-cost coastal markets. The area offers a business-friendly environment, no state income tax, and a median household income of approximately $65,000, contributing to sustained economic expansion and long-term stability.

Legal

Net Lease Disclaimer

Solid Investments and GM Real Estate & Development hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Solid Investments has not and will not verify any of this information, nor has Solid Investments conducted any investigation regarding these matters. Solid Investments makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer's responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Solid Investments expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.

Buyer and Buyer's tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer's legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant's past performance at this or other locations is an important consideration, it is not a guarantee of future success.

Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant's projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions.

By accepting this Marketing Brochure you agree to release Solid Investments and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Exclusively Marketed By

For More Information, Please Contact:

Broker / Net Leased Specialist

Derrick Schroeder

Solid Investments
C: 954-296-6955
F: 954-944-1830
Dschroe@SolidInvestmentsFL.com
www.SolidInvestmentsFL.com

Broker

Bert Mooney

GM Real Estate & Development
O: 727-248-9189
C: 727-248-9189
bert@gmreal.co
www.gmreal.co