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7129 S Tamiami Trl
Sarasota, FL 34231
Napulé Restaurant · Retail Property For Sale
Investment Highlights
- 7129 S Tamiami Trail in Sarasota is home to local favorite Napulè, a seven-year award-winning restaurant serving traditional Italian cuisine.
- Sarasota, the 10th fastest-growing city in the US, benefits from consistently low vacancy rates and stable incomes, reinforced by bustling tourism.
- With an initial cap rate of 8%, current ownership is seeking a triple net (NNN) sale leaseback with 3% annual increases and extension options.
- In a high-growth area, discerning investors anticipate robust demographics with an average household income of $105,511 in a 5-mile radius.
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,646 SF
Building Class
B
Year Built/Renovated
1982/2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.42 AC
Zoning
CG - Commercial General
Parking
18 Spaces (3.87 Spaces per 1,000 SF Leased)
Frontage
109’ on S Tamiami Trl
Amenities
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
Property Taxes
| Parcel Number | 0109-08-0034 | Improvements Assessment | $1,384,800 |
| Land Assessment | $554,500 | Total Assessment | $1,939,300 |
Property Taxes
Parcel Number
0109-08-0034
Land Assessment
$554,500
Improvements Assessment
$1,384,800
Total Assessment
$1,939,300
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