313-321 John Ringling Blvd
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313-321 John Ringling Blvd
6,534 SF 100% Leased Retail Building Sarasota, FL 34236 £5,994,900 (£917/SF) 6.98% Net Initial Yield
Investment Highlights
- A plus location
- NOI 523,165
- Fully Leased
Executive Summary
Please contact Lmclaren@belmontassociates.com for all details. Tenant info upon request.
INVESTMENT HIGHLIGHTS
One-of-a kind retail property on St Armands Key in Sarasota Florida. St Armands Key has over 130 Boutiques,
Specialty Shops, Galleries, and Restaurants all in close proximity to yacht clubs, hotels, and a nine-minute walk from public beaches.
Sarasota is the Third- fastest growing city with a 12% population increase over the last five years and is ranked as on of the top 5 Best Places to live by U.S. News.
PROPERTY DETAILS
The retail property is located on John Ringling Boulevard and is surrounded by ample parking and shaded walkways. The 4 tenant building
includes national and local retail options, the location is prime and so are the tenants. The building has 6,405 rentable square feet and includes tenant parking in the rear of the building. The units are 100 percent occupied and most of the tenants are full triple net leases with current market rents.
Please contact Lmclaren@belmontassociates.com for all details. Tenant info upon request.
INVESTMENT HIGHLIGHTS
One-of-a kind retail property on St Armands Key in Sarasota Florida. St Armands Key has over 130 Boutiques,
Specialty Shops, Galleries, and Restaurants all in close proximity to yacht clubs, hotels, and a nine-minute walk from public beaches.
Sarasota is the Third- fastest growing city with a 12% population increase over the last five years and is ranked as on of the top 5 Best Places to live by U.S. News.
PROPERTY DETAILS
The retail property is located on John Ringling Boulevard and is surrounded by ample parking and shaded walkways. The 4 tenant building
includes national and local retail options, the location is prime and so are the tenants. The building has 6,405 rentable square feet and includes tenant parking in the rear of the building. The units are 100 percent occupied and most of the tenants are full triple net leases with current market rents.
Please contact Lmclaren@belmontassociates.com for all details. Tenant info upon request.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
£421,092
|
£64.45
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | £421,092 |
| Annual Per SF | £64.45 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
6,534 SF
Building Class
B
Year Built/Renovated
1954/2000
Price
£5,994,900
Price Per SF
£917
Net Initial Yield
6.98%
NOI
£418,176
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.63
Lot Size
0.24 AC
Zoning
CT - Commercial Tourist
Parking
0.76 Spaces per 1,000 SF Leased
Frontage
96 ft on John Ringling Blvd
Amenities
- Bus Route
- Signage
Bike Score ®
Very Bikeable (76)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2014-05-4001 | Improvements Assessment | £6,233,741 (2023) |
| Land Assessment | £0 (2023) | Total Assessment | £6,233,741 (2023) |
PROPERTY TAXES
Parcel Number
2014-05-4001
Land Assessment
£0 (2023)
Improvements Assessment
£6,233,741 (2023)
Total Assessment
£6,233,741 (2023)
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313-321 John Ringling Blvd
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