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
|Building Size||12,800 SF||Occupancy||100%|
|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|
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.
- 25 Years left on Triple Net Lease with 5 - 5 year renewals
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