Sarasota Farm Store - 6% CAP
Sarasota Farm Store | 6.00% CAP
Marketing description
ABOUT THE LOCATION
This Farm Store is ideally positioned along Webber Street which offers exposure to approximately 12,200 vehicles per day (VPD) just west of Beneva Road (approx 25,000 VPD).
Located in an Affluent and Growing suburb of Hialeah with an average household income of +/- $101,248 within a 5-mile area (Experian)
Extremely Dense Trade Area with over 185,747 residents and 236,699 employees within a 3-mile area (Experian)
High Barrier to Entry Market
ABOUT THE TENANT/BRAND
Farm Stores provides a unique neighborhood experience. A combination of grocery store, bakery and restaurant, we give you the freshest products in the most convenient manner: the equivalent of a drive-thru supermarket express lane.
We offer all your favorite grocery brands in addition to products you won’t find anywhere else, and we bring it all directly to your car! In fact, Farm Stores has been a convenient last stop on the way home for families for nearly 60 years.
Although Farm Stores has evolved to best serve the needs of today’s busy consumer, our brand integrity has remained intact. A nostalgic experience for multiple generations of Floridians, we are now franchising our beloved brand, bringing the Farm Stores experience to communities across America and beyond.
Investment highlights
Brand New 10-Year NNN Lease
Zero Landlord Responsibilities
Corporately Signed Lease
3% Annual Rent Increases in the Base Term & 3 (5-Year) Options
Farm Stores is a Pioneer of the Drive-Thru Convenience Store Concept
Farm Stores are part of a Growing $700-Billion Industry
Farm Stores were Founded in 1935 and are uniquely designed to deliver Bedroom Communities and Neighborhoods the freshest products quick and efficiently
Recession, Internet, and Pandemic Proof Tenant
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