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5678 Fruitville Rd 24,822 SF 100% Leased Retail Building Sarasota, FL 34232 $6,750,000 ($271.94/SF) 6.28% Cap Rate
Investment Highlights
- Quick access to the I-75 ramps (123,000 VPD), the main freeway traveling up/down the west coast of Florida
- Nearby notable national/credit tenants such as Lowe’s, Chickfil-A, Sam’s Club, Target, Publix, Winn-Dixie, and more
- Directly across from the proposed Sarasota Orchestra Music Center, a 32-acre site with an 1,800-seat concert hall
Executive Summary
- 24,822 square foot, 100% leased multi-tenant retail strip with 6 units (5 tenants) and billboard income.
- The WALT is roughly 9 years remaining.
- Site possesses two points of egress and ingress which is very unusual for a parcel this size
- Newer roof and AC units (within the last 3-5 years)
- Fronting Fruitville Rd (Hwy 780), a busy retail corridor with over 60,054 VPD
- The WALT is roughly 9 years remaining.
- Site possesses two points of egress and ingress which is very unusual for a parcel this size
- Newer roof and AC units (within the last 3-5 years)
- Fronting Fruitville Rd (Hwy 780), a busy retail corridor with over 60,054 VPD
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
24,822 SF
Building Class
B
Year Built
1987
Price
$6,750,000
Price Per SF
$271.94
Cap Rate
6.28%
NOI
$423,892
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.42
Lot Size
1.35 AC
Zoning
ILW, County - Industrial, Light Manufacturing and Warehousing
Parking
24 Spaces (1.49 Spaces per 1,000 SF Leased)
Frontage
201’ on Fruitville Rd
Amenities
- Signage
- Wheelchair Accessible
Nearby Major Retailers
Property Taxes
| Parcel Number | 0047-03-0001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,185,349 |
Property Taxes
Parcel Number
0047-03-0001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,185,349
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5678 Fruitville Rd
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