2425 17Th St Sarasota, FL 34234

This exceptional investment opportunity presents a 10,000-square-foot storefront in Sarasota, Florida, currently leased to Sherwin-Williams under a 10.1-year Net Lease (NN+) agreement commencing May 15, 2023, and expiring May 31, 2033. The property boasts a strong 5.75% cap rate, generating a substantial Net Operating Income (NOI) of $133,303 annually. Situated on a 1.03-acre lot, this newly constructed (2023) building benefits from a corporate guarantee from Sherwin-Williams, a Fortune 500 company with a Standard & Poor's rating of "BBB". The lease includes scheduled 8% rental increases during option periods, ensuring consistent future income growth. This prime location is only 1.5 miles from Downtown Sarasota, a thriving metropolitan area experiencing significant development, and enjoys excellent visibility and accessibility due to its proximity to densely populated residential areas, major employers like Sarasota Memorial Hospital, and high schools. The property's strategic position within a rapidly growing market, coupled with the strength of its tenant and lease terms, makes this an ideal investment for a 1031 exchange. The surrounding area includes numerous high-rise residential developments and significant tourist attractions, contributing to a robust and diverse customer base for the Sherwin-Williams store. Sarasota County's population exceeds 891,000, reflecting Florida's rapid population growth. This is an e-commerce-proof business model with a highly rated tenant.