This property is Off-Market

Laurel Rd & Knights Trail Rd off I-75 at exit 95
North Venice, FL 34275 ·

12,800 SF · Retail For Sale

N/A

Print

CVS

Price N/A Cap Rate 6%
Building Size 12,800 SF Occupancy 100%
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Property on Ground Lease? Yes
Property Use Type Net Lease Investment with 10+ years left on lease Year Built 2009
Construction Status Under Construction/Proposed Lot Size 1.70 AC
Listing ID: 16139025 Date Created: 03/10/2009 Last Updated: 08/31/2011

Description

Brand new absolute triple net 25-year lease with five/5 year renewals. Cvs/Caremark has approved the architectural drawings and signed the lease. The drugstore is in operation. The 1st lease payment was recieved Sept'09 and will continue monthly for the life of the 25 year lease (with 5 - 5 year renewal options). Excellent bank financing available. Sarasota Memorial Hospital has purchased 64 acres 1/2 mile away for their new facility with construction to begin soon. The county has installed a traffic signal as well as completed a road widening project to accomodate this rapidly developiong area. This property includes a 2.3 acre parcel adjacent to this CVS site that is cleared and ready for developement for an additional $700,000. These two properties MUST be sold TOGETHER.

Strategically located on Laurel Road across from from a brand new strip center at I-75 and exit 95 between Venice and Nokomis in rapidly growing Sarasota County. I-75 is the regions major North/South artery and Laurel Rd is a major East/West artery connecting the city of Venice with the East County area.

Highlights

  • 25 Years left on Triple Net Lease with 5 - 5 year renewals

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)