1540 12th St E, Palmetto, FL 34221

Property Highlights

• Food Service Infrastructure: Purpose-built for food production, the facility includes specialized food-grade infrastructure that is costly to replicate, supporting long-term tenancy and reducing re-tenanting risk.
• Stable Long-Term Investment: The current tenant is backed by a large private equity group and has operated at this location since 2013, demonstrating a proven track record and strong commitment to the site.
• Absolute NNN: This opportunity offers true hands-off cash flow, with the tenant responsible for all property-related expenses, including roof and structure, taxes, insurance, utilities, and general maintenance.
• Limited Supply: There is a notable shortage of warehouse developments under 25,000 SF, particularly for assets with similar characteristics, positioning the property favorably within the market.
• Replaceable Rent: Based on recent lease comparables, the current rent of $13.09/SF is very achievable. Limited supply and strong demand from private users continue to support leasing for assets of this size.
• Strategic Location: Centrally located in the Palmetto industrial corridor, this property offers strong accessibility. Positioned just off US-301 (23,000 AADT), it provides direct access to major state roads and highways throughout the submarket, ensuring efficient transportation and logistics connectivity.
  • ± 0.3 miles from US-301
  • ± 3 miles from I-75
  • ± 23 miles from Downtown St. Petersburg
  • ± 15 miles from Downtown Sarasota
  • ± 44 miles from Downtown Tampa
  • ± 13 miles from Sarasota Bradenton International Airport