NET LEASE RETAIL PROPERTY FOR SALE

Sarasota Strip Center

5678 Fruitville Road | Sarasota, Florida

Download Offering Memorandum

Stats

$7,100,000

Asking Price

6.50%

Cap Rate

100%

Leased

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

Senior Associate
Avison Young
571 723 2246

Jonathan Hipp

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

Richard Murphy

Senior Vice President
Avison Young
571 449 8234