Overview

Description

SVN Commercial Advisory Group is pleased to represent this multiple tenanted income generating asset anchored by Starbucks and Edward Jones Corporations. Starbucks lease runs to February 28th, 2029 with a 6.5% rent increase in March 2024 then 15% for every 5 years option period thereafter. This investment provides minimal Landlord responsibilities primarily Roof, Structure and Parking Lot. Located in a major retail corridor with excellent visibility fronting Manatee Avenue, a major thoroughfare that connects you to Anna Maria Island and I-75.

This sale if for the building and improvements only subject to a ground lease that expires June 30th, 2060.

Located in front of a Winn Dixie anchored shopping center surrounded by national and local retail, office, and densely populated residential communities. Manatee Ave is one of two major thoroughfares that connect I-75 to Sarasota Bay and the tourist mecca of Anna Maria Island.

Contact Listing Agent

Highlights

• High Yield Investment
• Excellent Visibility
• Owner User with Cash Flow
• Minimal Landlord Responsibilities

Documents

---