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29709447
29709448

1475 Sun Market Pl, North Port, FL 34288

WW
FL SL3257920
SRS Real Estate Partners Tampa
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
CB
FL FL SL3390950
SRS Real Estate Partners South Florida
Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners South Florida
$6,974,000
117 days on market
Updated 7 days ago

Sun Market Shoppes - Sarasota (North Port) FL

Details
APN 0984-07-0070
Property Type Retail
Sub Type QSR/Fast Food, Storefront
Square Footage 7,500
Cap Rate 5.8%
NOI $404,490
Occupancy 100%
Tenancy Multi
Brand/Tenant Starbucks, Heartland Dental (+1)
Lease Type NNN
Rent Bumps Yes
Price per SqFt $930
Broker Co-Op Yes
Class A
Year Built 2026
Buildings 1
Stories 1
Acreage 1.480
Zoning PCD: Planned Community Development
Parking Spaces 49 spaces
Parking Per SqFt 6.53
Investment Type Net Lease
Ownership Fee Simple
Sale Condition 1031 exchange

Brand New Construction | Neighboring Planned 660-Unit Apartment Complex

Marketing description

Introducing the Sun Market Place located at 1475 Sun Market Place, North Port, Florida 34288. This newly constructed three-tenant strip center with a drive-thru offers a lucrative investment opportunity with 100% occupancy. Featuring reputable tenants like Starbucks, Heartland Dental, and UPS, this property boasts a desirable tenant mix and stable income stream. With a total rentable area of 7,500 SF on 1.48 acres of land, this property is strategically positioned to cater to the affluent demographic with over $100k household incomes in the area. Built in 2026, the property requires minimal landlord expenses, ensuring a hassle-free investment. Offered at $6,974,000 with a net operating income of $404,490 and a cap rate of 5.80%, this investment promises strong returns. Don't miss out on this exceptional opportunity to acquire a brand-new, fully-leased property in a prime location. Contact us for more information and secure your investment in the Sun Market Place today.

Investment highlights

  • 100% Leased | Brand New Construction | Options To Extend | Ideal Tenant Mix

  • NNN Leases | Fee Simple Ownership | Minimal Landlord Responsibilities

  • New Surrounding Development in North Port

  • Across From New ALDI | Direct Residential Base | Adjacent Retail

  • Drive-Thru Equipped | Excellent Visibility & Access | Near Interstate-75

  • Demographics & Trade Area | Annual Population Growth

Listing Contacts

WW
FL SL3257920
SRS Real Estate Partners Tampa
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
CB
FL FL SL3390950
SRS Real Estate Partners South Florida
Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners South Florida

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$404,490.00
$33,707.50/mo

Valuation Metrics

0
DSCR
5.8%
Cap Rate
5.8%
ROI

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Additional Information

Name
Patrick Nutt
License
FL License No. BK3120739
Brokerage
SRS Real Estate Partners-SOFLO LLC
Title
Broker of Record
Name
William Wamble
License
SL3257920
Name
Patrick Nutt
License
BK3120739
Name
Connor Barton
License
FL SL3390950
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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