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Browse More Listings in Shopping Center For Sale, North Port, FL or Florida

Shopping Center For Sale

Sumter Crossing East

4311 Aidan Lane, North Port, FL 34287

Price:
$7,000,000
Gross Leasable Area:
37,476 SF
Price/SF:
$186.79
Property Type:
Shopping Center
Property Sub-type:
Neighborhood Center
Property Use Type:
Investment
Commission Split:
6%
Cap Rate:
8.50%
Occupancy:
90%
No. Stories:
1
Tenancy:
Multiple
Year Built:
2007
Lot Size:
3.76 AC
Find Out More...

Last Verified 11/12/2009 Listing ID 16456738

Highlights

Super Walmart & Home Depot anchored Power Center
Three Traffic Lights
Shadow Retail Center

"Main & Main" location in North Port, FL (Sarasota County)
90% Leased
8.5% CAP rate on existing NOI

Description

Sumter Crossing East is a shadow retail center located in Sumter Crosssing, an 88 acre Power Center anchored by Super Walmart and Home Depot that has twelve outparcels, two shadow retail centers (one built, one under development), three office buildings (one built, two proposed) and a future self storage facility.

North Port, Florida, is located within Sarasota County, which is 27 miles SE of Sarasota, Florida (center to center) and 64 miles S of Tampa, Florida. The city is located in the Sarasota - Bradenton metropolitan area. North Port has an estimated population of 60,000. North Port is the third-largest land mass for a city in the state and is the largest city located in Sarasota County. North Port is now the fourth fastest-growing municipality in the state and has a flourishing youthful population.

Financial Summary

Major Tenant Information

Actual
Net Operating Income
$595,000

Tenant	SF Occupied	Lease Expired
Buffalo Wild Wings	6,395	2/1/2019
Mattress Giant	5,243	7/1/2013
China Buffet	4,592	8/1/2012
First Choice Haircutters	1,306	8/1/2012
Linksters	1,611	1/1/2014

Map of 4311 Aidan Lane, North Port, FL 34287 (Sarasota County)

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Presented by

Florida Commercial Source, LLC

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Contact Listing Broker

Jason Sepanski (941) 953-2927

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Created 11/3/2009

Additional Information for 4391 Aidan Lane, North Port, FL 34287

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 4311 Aidan Lane, North Port, FL 34287

Nearby Shopping Center properties for leaseSearch all commercial real estate for lease

Sumter Crossing East
$16.00 - $19.50/SF/Year
1,306 - 4,752 SF
14942
$15.00/SF/Year
3,200 SF
Shoppes of North Port
Negotiable
1,793 - 48,890 SF
Sumter Crossing West
$20.00 - $23.00/SF/Year
1,200 - 15,548 SF

Nearby Recently Sold Shopping Center propertiesSearch all recently sold commercial real estate

Strip Center
Sold 1Q 2007

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Shopping Center Property For Sale - Sumter Crossing East

4311 Aidan Lane, North Port, FL, 34287