5947 Brookhill BlvdSarasota, FL 34232

Property Details for 5947 Brookhill Blvd

Year built

2010

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.70 AC

Property size (Sq ft)

7,104 SF

Zone code

ILW

Property type

Retail properties

Property subtype

Auto shops

APN

0047-01-0010

APU

47010010

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,770,080

  6.5%

  $2,556,997

  7%

  $2,374,354

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,591,329

  Geo Method

  $3,269,457

• Alternative Use

  Use

  Valuation

  Residential

  $2,156,922

  Hospitality

  $1,975,729

  Educational

  $1,643,784

  Medical

  $1,700,316

  Retail

  $2,556,997

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3376

Longitude

-82.4505

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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