Sarasota Strip Center
Retail | 24,822 SqFt
Marketing description
Avison Young’s U.S. Capital Markets Group, as exclusive advisors to the owner, is pleased to present the opportunity to acquire a 5-unit retail strip center in Fruitville, FL, outside of Sarasota. This peoperty is 24,822 square feet with an occupancy of 100% and a WALT of 8.95 years. This offering represents a rare chance to acquire a well located multi-tenant retail strip with a constant customer base on a heavily trafficked corridor seeing 60,000+ VPD per day. This property captures billboard income from two separate advertisers on each side as well.
Investment highlights
Site possesses two points of egress and ingress which is very unusual for a parcel this size
Newer roof and AC units (within the last 3-5 years)
Fronting Fruitville Rd (Hwy 780), a busy retail corridor with over 60,054 VPD
Quick access to the I-75 ramps (123,000 VPD), the main freeway traveling up/down the west coast of Florida
Directly across from the proposed Sarasota Orchestra Music Center, a 32-acre site with an 1,800-seat concert hall
Nearby notable national/credit tenants such as Lowe’s, Chick-fil-A, Sam’s Club, Target, Publix, Winn-Dixie, and more
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