8452 Tuttle Ave Sarasota, FL 34243
High-yield, 11.9-year NNN lease. Prime retail location.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- 6,552 SF Class A retail storefront on a 1.31-acre lot in Sarasota, FL.
- Absolute NNN lease to a leading national Tide Cleaners franchisee with 11.9 years remaining WALT.
- 5.90% cap rate with a $295,000 NOI and $5,000,000 asking price.
- Prime location 4.5 miles from downtown Sarasota, near major retail center (Walmart, Publix, Crunch Fitness) and high traffic roadways (University Parkway & I-301).
- Strong demographics: Densely populated area with over 1,400 multifamily units and 6,800+ residents within one mile.
- Built in 2018 with a 100% occupancy rate and 5% rent increases every five years.
Property Details for 8452 Tuttle Ave
- Property type
- Retail properties, Retail space
- Square Feet
- 6,552 SF
- Class
- A
- Year Built
- 2018
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 57,064 SF
Location Insight
- City
- Sarasota
- County
- Manatee
- State
- Florida
- Latitude
- 27.3901881
- Longitude
- -82.5143979
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield, 11.9-year NNN lease. Prime retail location.
- Where is the retail property located?
- The property is located at 8452 Tuttle Ave Sarasota, FL.
- What is the asking price?
- The asking price for this property is $5,000,000.
- What are key features of this property?
- This property features: 6,552 SF Class A retail storefront on a 1.31-acre lot in Sarasota, FL.; Absolute NNN lease to a leading national Tide Cleaners franchisee with 11.9 years remaining WALT.; 5.90% cap rate with a $295,000 NOI and $5,000,000 asking price.
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