NNN Industrial with IOS Possibilities

Highlights

• NNN Lease with options through 2042.
• Mission Critical facility for Tenant.
• 22,655 SF Land.
• 3,693 SF Building.
• Average 6.14 CAP
• Zoned HC
• Location on major highway with easy access to interstate.
• Adjacent Property Also Available.

Description

Attention investors seeking stable, income-generating assets! This prime industrial parcel in Palmetto, Florida, offers an attractive investment opportunity with a NNN lease.

Key Features:

Land: 22,655 square feet of well-positioned industrial land, providing ample room for expansion or future development.
Building: 3,693 square feet of functional building space, suitable for a variety of light industrial uses.
Lease: Secure NNN lease, meaning the tenant is responsible for all property taxes, insurance, and common area maintenance costs. This minimizes risk and simplifies ownership for the investor.
Cap Rate: Attractive average cap rate of 6.14%, indicating a strong potential for consistent income generation.

Additional Details:

Location: Situated in a desirable industrial area of Palmetto, with convenient access to major transportation arteries and a strong local labor pool. Located at the split of US-19 and US-41, less than 5 minutes from I-275.
Zoning: Ideally zoned (HC) for a wide range of industrial uses, offering flexibility for future tenant needs.
Utilities: All essential utilities are readily available on-site.

Investment Highlights:

Stable Income: The NNN lease structure ensures predictable and reliable income, ideal for investors seeking long-term stability.
Growth Potential: The spacious land area provides the potential for future expansion or redevelopment, enhancing the property's value. The 1.76 ac+/- parcel directly to the North is also available for purchase as outdoor storage.
Strong Market: Manatee County is one of the fastest growing markets in the country, creating a favorable environment for this investment.

This industrial parcel presents a compelling opportunity for investors seeking a secure and profitable asset with significant growth potential. Don't miss out on this chance to invest in a thriving Sarasota location with a stable income stream.

Please do not disturb the Tenant.

Strategically located with easy access to US-19, US-41, and I-275 just North of the Manatee River.

Documents