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NNN Walgreens in Sarasota FL For Sale

NNN Walgreens in Sarasota FL For Sale

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  • 1. COMPANIES, INC. Net Lease Investment Property YO U R S O U R C E F O R I N V E S T M E N T R E A L E S TAT E ™ | W W W. C A L K A I N . C O M Financial Summary Price $5,608,108 Cap Rate 7.40% Net Operating Income (NOI) $415,000 Lease Type Absolute NNN Lease Term 25 years Lease Commencement April 13, 2009 Lease Expiration March 2034 Building Area 14,560 +/- sf Land Area 81,406 +/- sf Options Fifty (50), one (1) year Year Built 2009 Typical Construction S&P Rating A+ stable L OCKWO O D R I D G E ROAD A ND 1 7 TH S TR EET • S A R A S OTA , F L O R IDA Living in Sarasota Sarasota is a tropical paradise on the Gulf of Mexico that offers abundant natu- ral beauty, cultural tradition, and plenty of sunshine. Sarasota offers residents a superb quality of life leading to CNN/Money Magazine choosing Sarasota as America’s Best Small City and one of the nation’s top eight Best Places to Retire. Sarasota’s clean air, sparkling beaches and sunny climate have made it world famous as a center for the good life. A vibrant recreational and cultural scene offers activities for every taste and budget. Sarasota offers big city amenities with a small town way of living. In 2008, Sarasota county’s Pine View School for the Gifted was named the sixth best high school in the United States of America. According to the U. S. News report, Pine View School students have a rating of 99.3 percent on the college readiness index. Building Development A Top 20 Best Place to Live and Work (Employment Review), Sarasota is an entrepreneur’s delight. Whether you’re already established in a local business, about to begin your own enterprise, or planning to relocate your company here, you’ll find Sarasota a community dedicated to making your business a success. The region offers a growing and skilled workforce, a competitive busi- ness environment, easy access to major markets and more. Sarasota has a wealth of programs and activities to assist businesses, large and small. C A L K A I N R E A LT Y A D V I S O R S For more information contact: David Sobelman Executive Vice President a d ivis ion o f C al k ai n C o m p ani e s , I nc . (813)282-6000 1 1 1 5 0 S U N S E T H I L L S RO A D, S U I T E 3 0 0 | R E S TO N , VA 2 0 1 9 0 dsobelman@calkain.com 5 0 0 N W E S T S H O R E B O U L E VA R D, S U I T E 6 0 5 | TA M PA , F L 3 3 6 0 9 The information herein is provided to us by sources deemed reliable , but no warranty or representation is made to its accuracy. Offering is subject to corrections and errors, omis- sions, prior sale , change of price and/or terms or withdrawal from the market without notice .This information is for guidance only and does not constitute all or any par t of a contract.