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3515 Webber St 1,289 SF Retail Building Sarasota, FL 34239 $910,000 ($705.97/SF) 6% Cap Rate
Investment Highlights
- Brand New 10-Year NNN Lease
- Corporately Signed Lease
- Farm Stores is a Pioneer of the Drive-Thru Convenience Store Concept
- Zero Landlord Responsibilities
- 3% Annual Rent Increases in the Base Term & 3 (5-Year) Options
- Farm Stores are part of a Growing $700-Billion Industry
Executive Summary
ABOUT THE LOCATION
This Farm Store is ideally positioned along Webber Street which offers exposure to approximately 12,200 vehicles per day (VPD) just west of Beneva Road (approx 25,000 VPD).
Located in an Affluent and Growing suburb of Hialeah with an average household income of +/- $101,248 within a 5-mile area (Experian)
Extremely Dense Trade Area with over 185,747 residents and 236,699 employees within a 3-mile area (Experian)
High Barrier to Entry Market
This Farm Store is ideally positioned along Webber Street which offers exposure to approximately 12,200 vehicles per day (VPD) just west of Beneva Road (approx 25,000 VPD).
Located in an Affluent and Growing suburb of Hialeah with an average household income of +/- $101,248 within a 5-mile area (Experian)
Extremely Dense Trade Area with over 185,747 residents and 236,699 employees within a 3-mile area (Experian)
High Barrier to Entry Market
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,289 SF
Building Class
B
Year Built
1978
Price
$910,000
Price Per SF
$705.97
Cap Rate
6%
NOI
$54,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.25 AC
Zoning
CG - CG - Commercial General
Parking
6 Spaces (4.65 Spaces per 1,000 SF Leased)
Frontage
100’ on WEBBER
Amenities
- Bus Line
- Pylon Sign
- Signage
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0058-16-0038 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $357,533 |
Property Taxes
Parcel Number
0058-16-0038
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$357,533
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