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Sun Market Place - Sarasota (North Port) FL 1475 Sun Market Pl 7,500 SF 100% Leased Retail Building North Port, FL 34288 $6,974,000 ($929.87/SF) 5.80% Cap Rate
Investment Highlights
- 100% Leased | Brand New Construction | Options To Extend | Ideal Tenant Mix
- New Surrounding Development in North Port
- Drive-Thru Equipped | Excellent Visibility & Access | Near Interstate-75
- NNN Leases | Fee Simple Ownership | Minimal Landlord Responsibilities
- Across From New ALDI | Direct Residential Base | Adjacent Retail
- Demographics & Trade Area | Annual Population Growth
Executive Summary
• Brand new 2026 building construction
• Corporate signed Starbucks lease with 10 years of initial term and 6 (5-year) options to renew, demonstrating firm commitment to the location
• Both UPS and Heartland Dental have 10 year terms with 2 (5-year) options to renew
• UPS lease is guaranteed by the franchisee
• All tenants have a 10.0% rent increase occurring after 5 years
• Ideal mix of QSR, Medical/Dental and Service retail
• Corporate signed Starbucks lease with 10 years of initial term and 6 (5-year) options to renew, demonstrating firm commitment to the location
• Both UPS and Heartland Dental have 10 year terms with 2 (5-year) options to renew
• UPS lease is guaranteed by the franchisee
• All tenants have a 10.0% rent increase occurring after 5 years
• Ideal mix of QSR, Medical/Dental and Service retail
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,500 SF
Building Class
B
Year Built
2026
Price
$6,974,000
Price Per SF
$929.87
Cap Rate
5.80%
NOI
$404,490
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.48 AC
Zoning
PCD - Planned Community Development
Parking
49 Spaces (6.53 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
- Monument Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 0984-07-0070 | Improvements Assessment | $0 |
| Land Assessment | $943,900 | Total Assessment | $943,900 |
Property Taxes
Parcel Number
0984-07-0070
Land Assessment
$943,900
Improvements Assessment
$0
Total Assessment
$943,900
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Sun Market Place - Sarasota (North Port) FL | 1475 Sun Market Pl
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