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: 4/24/2018

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
The information presented herein is provided as is, without warranty of any kind. Neither My Florida Commercial Real Estate nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.