For Sale
$3,871,392

5947 Brookhill BlvdSarasota, FL 34232

High-traffic location, strong tenant, long lease.

Overview

Added:
Feb 13
Days on market:
50
This exceptional investment opportunity presents a 7,104 square foot Tire Kingdom, operating under an absolute triple-net (NNN) lease, located at 5947 Brookhill Blvd, Sarasota, FL 34232. The property sits on a 0.705-acre lot and boasts a 10.4-year remaining lease term (expiring 6/30/2035), with three 5-year renewal options at market rates. Built in 2010, this single-tenant building enjoys 100% occupancy and benefits from a corporate guaranty. The property generates a strong NOI of $232,284, representing a 6.00% cap rate. The location is strategically positioned on a high-traffic stretch of Brookhill Blvd, offering excellent visibility and accessibility. This fee-simple ownership includes both land and building, providing a secure and stable investment with significant long-term potential. The property's strong performance, coupled with the long-term lease and favorable location, makes it an attractive investment for discerning buyers seeking a reliable, high-performing asset in a thriving market. The lease commenced July 1, 2020. Rent increases are tied to market adjustments.

Highlights

  • $3,871,392 asking price for a 7,104 SF Tire Kingdom in Sarasota, FL.
  • Absolute NNN net lease with a corporate guarantee, offering a secure investment.
  • 10.4 years remaining on a 15-year lease with three 5-year renewal options at market rates.
  • 6.00% cap rate with a $232,284 NOI.
  • Located on high-traffic Fruitville Road (62,500 AADT) near I-75 (127,000 AADT) with strong co-tenancy.
  • Fee simple ownership of land and building on a 0.705-acre lot, built in 2010.

Property Details for 5947 Brookhill Blvd

Property type
Retail properties, Auto shops
Square Feet
7,104 SF
Year Built
2010
Lot Size (sq. ft)
30,710 SF
Units
1

Location Insight

City
Sarasota
County
Sarasota
State
Florida
Latitude
27.337286195826
Longitude
-82.45047933989
5947 Brookhill Blvd, Sarasota, Florida

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5947 Brookhill Blvd
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