Dollar Tree (Short Term Lease) | Sarasota, FL
1.5 Years Remaining | Redevelopment Opportunity | Signalized Intersection
Marketing description
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Dollar Tree in Sarasota, FL. Dollar Tree has approximately 1.5 years remaining of lease term with zero option periods remaining, providing a future landlord with a strong redevelopment opportunity. The asset is located at a hard-corner with direct accessability from Tamiami Trl, a main north-to-south thoroughfare of the Sarasota/Bradenton area.
Investment highlights
REDEVELOPMENT OPPORTUNITY WITH SHORT LEASE TERM
Dollar Tree has approximately 1.5 years of lease term remaining with zero option periods | opportunity for future landlord to renegotiate with Dollar Tree or redevelop the site for a new tenant
BELOW REPLACEMENT COST
The asset is being offered below replacement cost at just $200/sf
HIGH PROFILE LOCATION AT SIGNALIZED INTERSECTION
Direct frontage from Tamiami Trl which sees 37,200 VPD | hard-corner at signalized intersection with multiple access points
RAPIDLY GROWING POPULATION
Since 2020, Sarasota County has grown by 11.5% | Sarasota City has grown by 7.02% | Sarasota-Bradenton MSA has grown by 6.13%
SYNERGISTIC RETAIL NODE
Adjacent co-tenants consist of Walmart Neighborhood Center, CVS, and a future retail redevelopment of the former Walgreens
SUNSHINE STATE
Florida leads the nation in population and capital migration and Florida owners benefit from no state income tax and a business friendly political climate
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