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5901 Fruitville Rd

3,118 SF Retail Building Sarasota, FL 34232 £1,958,250 (£628/SF) 5% Net Initial Yield

Executive Summary

The property at 5901 Fruitville Rd, Sarasota, FL, is a 3,118 sq. ft. Starbucks location on a 1.04-acre lot. It offers a long-term lease (9+ years remaining, expiring in June 2033).
The lease includes 10% rent increases every 5 years and six 5-year renewal options. With minimal landlord responsibilities (roof, structure, parking), this property presents a
low-maintenance, high-quality opportunity in a prime commercial area.

Attachments

OM - Starbucks 5901 Fruitville Rd - v1.1

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,118 SF
Building Class
B
Year Built
2000
Price
£1,958,250
Price Per SF
£628
Net Initial Yield
5%
NOI
£97,912
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Lot Size
1.04 AC
Zoning
CHI
Parking
44 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
72 ft on Fruitville Rd

Amenities

  • Bus Route
  • Pylon Sign
  • Signage
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Nearby Major Retailers

Starbucks
Perkins Restaurant & Bakery
Bell Bank
F45
Suncoast Credit Union
Cooper's Hawk Winery & Restaurant
BMO
Bob Evans Restaurants
Publix
Shapes Fitness for Women

PROPERTY TAXES

Parcel Number 0046-09-0007 Improvements Assessment £583,167
Land Assessment £718,991 Total Assessment £1,302,158

PROPERTY TAXES

Parcel Number
0046-09-0007
Land Assessment
£718,991
Improvements Assessment
£583,167
Total Assessment
£1,302,158
(386) 405-6275

Contact

  • Listing ID: 34110372

  • Date on Market: 06/12/2024

  • Last Updated:

  • Address: 5901 Fruitville Rd, Sarasota, FL 34232

The Retail Property at 5901 Fruitville Rd, Sarasota, FL 34232 is currently available for sale. Contact WOODSTONE ASSOCIATES LLC for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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5901 Fruitville Rd, Sarasota, FL for sale Building Photo- Image 1 of 3
5901 (21)_MLS
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Connect with us

© 2024 CoStar Group

5901 Fruitville Rd
(386) 405-6275 x

5901 Fruitville Rd

Doug Sullivan

(386) 405-6275

(386) 405-6275

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