2290 Fruitville Rd, Sarasota, FL 34237
1,815 SF Specialty Building Offered at $5,555,556 at a 6.75% Cap Rate in Sarasota, FL 34237
For Sale
Active
Asking Price $5,555,556
- Property Type
-
Specialty
- Square Feet
- 1,815 SF
- Price / Square Foot
- $3,061
Listing Contacts
Glen Kunofsky
Edward Otocka
Amelia Haydock
Andrew Darby
Property Overview
NNN Pro Group is pleased to present the exclusive listing for a Mammoth Car Wash located at 2290 Fruitville Rd in Sarasota, Florida. The site consists of 3,500 total square feet of building space and sits on 1.0 acres of land. The site will be subject to a 20-year sale-leaseback with Mammoth Holdings, LLC. The lease will call for 1.50% annual rental escalations during the base term and throughout the four, five-year renewal option periods.
Property Details
- Class
- C
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Car Wash
- Lot Size (sq. ft)
- 43,560 SF
Highlights
- 20-Year Triple-Net (NNN) Lease: At Closing the Tenant will Execute A Brand New 20-Year Absolute Triple-Net Lease
- Corporate Guarantee: The Lease will be Subject to a Corporate Guarantee by Mammoth Holdings, LLC (130+ Unit Operator)
- Accelerated Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].