4597 NW HIGHWAY 70
Industrial | 3.5 Acres | 11,920 SqFt
Marketing description
4597 NW Highway 70, Arcadia, FL 34266 is a ±3.5 acre corner lot industrial property offering a rare combination of in place income, significant value add upside, and irreplaceable highway frontage in DeSoto County's growing industrial corridor. The site features two free standing buildings totaling ±11,920 SF. Building 1 is a ±8,640 SF concrete block warehouse with a metal roof, configured as a 12 unit multi tenant flex strip with ten 10' overhead doors; the building is currently leased to eight tenants, with a single tenant occupying Units 7 through 11. Building 2 is a ±3,280 SF stand alone shop measuring 80' × 36' with three overhead doors and 20' ceiling heights, fully leased to one tenant at $2,600 per month. Income is further supplemented by a long standing billboard easement that generates $3,600 per year, with 15 years remaining on the lease term.
With the exception of the billboard, Building 2, and Unit 4 in Building 1, all tenants currently operate on month to month agreements with rents materially below market, providing an incoming investor with the ability to mark rents to market on a rolling basis without the burden of long term holdover leases. Combined with ±50% of the site remaining as unimproved land available for expansion, additional outdoor storage, or new building pads, 4597 NW Highway 70 represents a stabilized cash flowing asset with a clear near term path to NOI growth and long term development optionality on one of South Florida's primary east west commercial arteries.
Investment highlights
- ±3.5 acre corner lot with ±551 LF of frontage on State Road 70, the primary east west corridor connecting Florida's Gulf and Atlantic coasts
- ±11,920 SF across two free standing buildings: 8,640 SF 12 unit multi tenant flex (Building 1) plus 3,280 SF stand alone shop with 20' clear heights (Building 2)
- Approximately 50% of site is unimproved, offering a clear path to expansion, outdoor storage, or new building pads
- 6.34% in place cap rate providing day one market yield with no rent push required
- Strong stabilized upside: 8.25% conservative or 10.16% true NNN once rents are marked to market
- 9 of 11 income streams are month to month at materially below market rents, enabling rolling mark to market without long term holdover risk. Market demands $12-15/sqft
- In place billboard lease (15 yrs remaining at $3,600/yr passive income)
- Sarasota Transmission has operated on site for 35+ years and currently occupies 5 of 12 units in Building 1
- Below market rent assumption: underwriting uses $13/SF on Building 1 and $10/SF on Building 2 versus direct flex comps in Port Charlotte at $15/SF and small bay at $16 to $19/SF
- Strategic regional access: SR 70 connects directly to I 75 with ~45 miles to Sarasota / Gulf Coast and ~90 miles to West Palm / Atlantic Coast, positioning the asset as Southwest Florida industrial demand pushes inland
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