7060 Sumter Crossing Drive, North Port, FL 34287 For Sale

Property Highlights:

• Absolute NNN Lease: A truly passive investment with zero landlord responsibilities, delivering hands-off ownership and stable income.
• Institutional-Quality Tenant: Leased to Avis Budget Car Rental, LLC, a core operating subsidiary of Avis Budget Group (NASDAQ: CAR)
• Brand New Construction: Scheduled for 2026 delivery, offering a pristine, low-maintenance asset.
• Yearly Rent Escalations: 3% annual rent increases throughout the entire lease term, delivering consistent income growth and a natural hedge against inflation.
• Fee Simple Ownership: Provides full ownership of the land and building, offering maximum control, long-term stability, and a depreciation benefits.
• Attractive Percentage Rent Feature: The lease includes a unique “greater of” structure, where rent is the higher of the base rent or 10% of Gross Sales—providing investors with direct participation in tenant performance. For example, $1.5M in annual sales equates to $150,000 in rent, translating to an approximate 7.88% cap rate at the list price.

Location Highlights:

• Located in Strong Retail Epicenter: Strategically located off Tamiami Trail (±33,500 VPD), this property sits within a prominent retail corridor anchored by Publix, Walmart, Home Depot, Dick’s Sporting Goods, Lowe’s, Hobby Lobby, T.J. Maxx, Bealls, and Aldi, offering excellent access and consistent consumer traffic drivers.
• Fast‑Growing Population Base: North Port’s population is projected at over 101,500 in 2026 and growing at approximately 4.5% annually, significantly outpacing national averages and signaling expanding consumer demand.
• Daytime & Drive‑In Generators: Positioned in the heart of North Port’s primary growth corridor, the property benefits from immediate proximity to Heron Creek Towne Center (Publix-anchored) and a wave of planned residential and retail developments. This is one of the most desirable and rapidly expanding areas in the market.