INVESTMENT HIGHLIGHTS
• | Brand new 15-year lease with 12 (5-year) options to extend |
• | 5% rental increases every 5 years throughout the initial term and at the beginning of each option period |
• | Corporate Signed by Walgreen Co. (S&P: BBB) |
• | Within close proximity to multiple national/credit tenants including Walmart, The Home Depot, LA Fitness, ALDI, Petco, and more |
• | Positioned just north of Sarasota Village (184,000 SF) anchored by Publix, HomeGoods, and BigLots! |
• | Located at the signalized, hard corner intersection of 8th Avenue and 17th Street (64,000 VPD) |
• | Benefits from nearby access to Interstate 75 (123,000 VPD) and U.S. Highway 41 (58,000 VPD) |
• | More than 187,000 residents (AHHI $105,330) and 117,700 employees in the 5-mile trade area |
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