NET LEASE RETAIL PROPERTY FOR SALE

Sarasota Strip Center

5678 Fruitville Road | Sarasota, Florida

Download Offering Memorandum

Stats

$6,752,900

Asking Price

7.00%

Cap Rate

$472,702

NOI

Highlights

24,822 square foot, 100% leased multi-tenant retail strip with 6 units (5 tenants) and billboard income

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
Quick access to the I-75 ramps (123,000 VPD), the main freeway traveling up/down the west coast of Florida

Directly across from the proposed Sarasota Orchestra Music Center, a 32-acre site with an 1,800-seat concert hall

Nearby notable national/credit tenants such as Lowe’s, Chick-fil-A, Sam’s Club, Target, Publix, Winn-Dixie, and more

Team

Tim Farrell

Tim Farrell

Senior Associate
Avison Young
571 723 2246
Jonathan Hipp

Jonathan Hipp

Principal, Head of U.S. Net Lease
Avison Young
571 787 4725