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Dutch Bro's - Sarasota (North Port) FL 14914 Tamiami Trl 950 SF Retail Building North Port, FL 34287 $3,399,600 ($3,578.53/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Lease | Scheduled Rental Increases | Options to Extend | Established Tenant
- Fronting Tamiami Trail | Several Retailers | Strong Consumer Base | Several New Developments
- Absolute NNN | Fee Simple Ownership | No State Income Tax | Zero Landlord Responsibilities
- Demographics & Trade Area | Annual Population Growth
EXECUTIVE SUMMARY
• The tenant recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Dutch Bros is the third largest coffee chain in the US with over 1,040 locations throughout 18 states and a long-term goal of hitting 4,000+ stores
• 2025 construction which features high quality materials, distinct design elements, and high-level finishes
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Dutch Bros is the third largest coffee chain in the US with over 1,040 locations throughout 18 states and a long-term goal of hitting 4,000+ stores
• 2025 construction which features high quality materials, distinct design elements, and high-level finishes
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
950 SF
Building Class
B
Year Built
2025
Price
$3,399,600
Price Per SF
$3,578.53
Cap Rate
5%
NOI
$169,980
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.88 AC
Parking
19 Spaces (20 Spaces per 1,000 SF Leased)
Frontage
149’ on Tamiami Trl
AMENITIES
- Pylon Sign
- Drive Thru
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 1000-24-0009 | Improvements Assessment | $0 |
| Land Assessment | $841,900 | Total Assessment | $841,900 |
PROPERTY TAXES
Parcel Number
1000-24-0009
Land Assessment
$841,900
Improvements Assessment
$0
Total Assessment
$841,900
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Dutch Bro's - Sarasota (North Port) FL | 14914 Tamiami Trl
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