Log In/Sign up
Your email has been sent.
5678 Fruitville Rd 24,822 sq ft 100% Let Retail Property Sarasota, FL 34232 £5,112,474 (£205.97/sq ft) 6.28% Net Initial Yield
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
Shopfront
Property Size
24,822 sq ft
Costar Property Class
B
Year Built
1987
Price
£5,112,474
Price per sq ft
£205.97
Yield
6.28%
NOI
£321,057
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.42
Total Plot Size
1.35 ac
Use Class
ILW, County - Industrial, Light Manufacturing and Warehousing
Parking
24 Spaces (1.49 Spaces per 1,000 sq ft Leased)
Frontage
201 ft on Fruitville Rd
Amenities
- Signage
- Wheelchair Accessible
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0047-03-0001 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £2,412,595 |
Property Taxes
Parcel Number
0047-03-0001
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£2,412,595
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
5678 Fruitville Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.