Credit Tenant Investment Opportunity!

Retail-Commercial for Sale
Catylist Listing ID: 30192522
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 14,670 SF
Gross Land Area: 28,794 SF
Sale Price: $2,800,000
Unit Price: $190.87 PSF
Property Use Type: Investment
Building Name: Fortunoff Backyard Store
Usable Size (USF): 14,670 SF
Sale Terms: Other
Cap Rate: 6.25%
Last Updated: 3/2/2018

Overview / Comments

Fortunoff Backyard Store, a national credit tenant, has signed a five year initial term with 3 - 5 year options. Now is your chance to own a fantastic building located on lucrative Tamiami Trail and enjoy a mutually beneficial financial arrangement with a highly successful and professional tenant for years to come. Incredible presence directly on South Tamiami Trail with over 44,000 cars passing by daily.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0112050030
Retail Clientele: General
Property Located Between: Located on the west side of the Trail between Stickney Pt. Rd. and S. Beneva Rd.
Property Visibility: Excellent
Largest Nearby Street: Tiamami Trail
Traffic/Vehicle Count: 44,000
Highway Access: Tamiami Trail
Airports: North Port-Sarasota-Bradenton
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1973
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,253 49,800 111,213
Median Age: 57.55 55.13 52.34
Households: 3,307 25,016 53,315
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