NNN Investment in Venice, FL

Retail-Commercial for Sale
Catylist Listing ID: 30759840
Property Subtypes: Free-Standing Building, Service Station/Gas Station, Street Retail, Vehicle Related
Building Size (RSF): 5,625 SF
Gross Building Area: 6,244 SF
Gross Land Area: 17,892 SF
Sale Price: $1,100,000
Unit Price: $195.56 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 9/17/2021

Overview / Comments

NNN Lease expiring in March 2024 with 1x options to renew

5,625 SF +/- Freestanding Auto Repair building
Excellent frontage on US41 Bypass
Seconds from Venice Island
Long established tenant has occupied the property since March 1995

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: City of Venice
Tax ID/APN: 0410120047
Zoning: CI - COMMERCIAL INTENSIVE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,733 44,717 71,570
Median Age: 65.31 61.35 60.1
Households: 4,733 23,456 36,406
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