Sarasota, FL - Fruitville Commons Pad E

Description:

• 100% leased multi-tenant retail strip featuring Squeeze, Generator Super Center, The Covery, and Linkster’s Tap Room
• Brand new 10-year leases for all tenants
• New construction with state-of-the-art design and layout
• A new building limits the future capital expenditure needs from a new owner
• Subject property is part of a larger mixed-use retail and residential project known as Fruitville Commons, expected to have 300,000 SF of office & commercial space, and 300 luxury apartments

• The asset is strategically fronting Fruitville Road with excellent visibility
• Fruitville Road, also known as State Highway 780, is a busy east/west retail thoroughfare serving Sarasota area with over 55,000 VPD
• Adjacent to the on/off ramps of Interstate 75 (123,000 VPD), the main North/South freeway traveling along the west coast of Florida and through Tampa
• Nearby notable national/credit tenants such as Sam’s Club, Lowe’s Home Improvement, Target, Publix, Winn-Dixie, Dollar Tree, Office Depot, and more
• Influx of future retailers, hotels, offices, and apartments in the immediate area
• Increases consumer demand and promotes crossover shopping in the area
• The 1-mile trade area population is expected to grow 7% over the next 5-years and possibly more as the Fruitville Commons and Southwood Village projects take shape