Secure Income Producing Property In Sarasota

Highlights

• Tenants have been in place over ten years each, renewed, remodeled and expanded.
• The landlord has never missed, or even had a late payment, through the entire COVID pandemic.
• Solid CAP rate with guaranteed growth as rents escalate.
• A property and location you can be proud to own.
• NO Deferred Maintenance

Description

With two long term tenants and secure, bankable, leases, this property is an excellent investment. Leases are true triple net. All leases have over three years term and multiple renewal options, assuring continued 100% occupancy for the next 15 years for a conscientious property owner.

Ideally located on N Washington Blvd just minutes from the Sarasota Airport.
The property is just Five miles from the University Shopping Mall and the Lakewood Ranch Community.
At the AADT in front of the building is 45,698 and at the Myrtle intersection it exceeds 55,000.

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