295 Tamiami TrlOsprey, FL 34229
- Land
- 1.03 AC
Property Details for 295 Tamiami Trl
- Lot size
- 1.03 AC
- Zone code
- CG
- Property type
- Land
- Property subtype
- Commercial land
- APN
- 0147-07-0008
- APU
- 147070008
Description
This exceptional investment opportunity presents a 2,300 square foot Wendy's restaurant on a 1.01-acre lot in Osprey, Florida. Located on US-41 (S. Tamiami Trail), a major thoroughfare with 42,500 daily vehicles, this property benefits from high visibility and accessibility. The 15-year NNN ground lease commenced January 1, 2024, with a strong 10% rent increase every five years and in each renewal option. The property boasts a 4.85% cap rate and a Net Operating Income (NOI) of $115,000. Built in 2023, this single-story building is 100% occupied by a Wendy's franchisee with a proven track record and a significant personal guarantee. The location is an outparcel to a Walmart Supercenter, benefiting from its substantial annual traffic of 1.2 million visits. This is the only Wendy's within a 3-mile radius, minimizing competition. The property's location in Sarasota County, Florida, offers the advantage of a state with no personal income tax. This is a passive investment opportunity with zero landlord responsibilities, offering a secure and profitable return. The asking price is $2,371,000. The APN is 0147070008.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $13,676,601
- Hospitality
- $12,527,693
- Educational
- $10,422,894
- Medical
- $10,781,353
- Retail
- $16,213,390
Location Insight
- City
- Osprey
- County
- Sarasota
- State
- Florida
- Latitude
- 27.1935
- Longitude
- -82.4889
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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