Hertz - Investment Property
Retail-Commercial
for Sale
Sale Pending
| Catylist Listing ID: |
30844723 |
| Property Subtypes: |
Vehicle Related
|
| Status: |
Pending |
| Building Size (RSF): |
4,091 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.40 Acres
|
| Sale Price: |
$1,650,000 |
| Unit Price: |
$403.32 PSF |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/14/2023 |
Overview / Comments
|
Opportunity to purchase 0.4023 Acre lot with 101 feet fronting S. Tamiami Trail. Property has a 4,091 SF building, which has been leased by Hertz car rental since 2007. Tenant has just exercised their option to renew their lease for an additional five years, commencing March 1, 2024. NOI as of 2024 will be $80,355; CAP rate 4.87%. Property is zoned Commercial Intensive, with current ADT of 45,000.
|
Additional Details
| Nearest MSA: |
North Port-Sarasota-Bradenton |
| County: |
Sarasota |
| Tax ID/APN: |
0085130042 |
| Zoning: |
COMMERCIAL INTENSIVE |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
10,148 |
67,729 |
149,597 |
| Median Age: |
51.27 |
52.22 |
50.82 |
| Households: |
4,907 |
33,292 |
71,627 |
|
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|
