Secure Income Producing Property In Sarasota

Highlights:

• Tenants have been in place over ten years each, renewed, remodeled and expanded.
• The landlord has never missed, or even had a late payment, through the entire COVID pandemic.
• Solid CAP rate with guaranteed growth as rents escalate.
• A property and location you can be proud to own.
• NO Deferred Maintenance

Description:

With two long term tenants and secure, bankable, leases, this property is an excellent investment. Leases are true triple net. All leases have over three years term and multiple renewal options, assuring continued 100% occupancy for the next 15 years for a conscientious property owner.

Ideally located on N Washington Blvd just minutes from the Sarasota Airport.
The property is just Five miles from the University Shopping Mall and the Lakewood Ranch Community.
At the AADT in front of the building is 45,698 and at the Myrtle intersection it exceeds 55,000.

FP&L
City

This well established center is situated just feet from the WaWa at Myrtle Ave.
It is located on one of Sarasota's busiest street, less than one quarter mile from the Sarasota Airpark. In addition the property is less than one mile from the Ringling museum. With Lakewood Ranch continuing to grow toward Bradenton, this site is perfectly situated. The demographics growth combined with almost five years with no vacancy and below market rents make this property an exceptional opportunity.

LOTS 12 13 14 15 16 17 18 19 20 21 22 23 & VAC ALLEY BLK B LESS A STRIP OFF E SIDE OF LOTS 16 17 18 & 19 FOR ROW IN OR 898-546, LESS ADDITIONAL R/W FOR US 301, NEWTOWN HIGHLANDS

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