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4340 Clark Road - Bridgestone - Tires Plus, Sarasota, FL
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4340 Clark Road - Bridgestone - Tires Plus
Sarasota, FL 34238 - Sarasota Submarket
Under Construction, delivers December 2016
1.44 AC (62,918 SF)
For Sale Price:
This subject offering is an extremely rare Sarasota net leased asset. This is the opportunity to purchase the 100% fee simple interest in a long term absolute NNN ground lease with Bridgestone Retail Operations LLC. The offering is below market price/sf on the ground lease.
This asset is a high quality lease, with below market rent. The rare lease structure is a 20 year initial term with 10% increases every 5 years with four 5 year renewal options and 10% increases at each option. The lease is a pure NNN and requires zero landlord responsibilities. Tire Plus is operated by Bridgestone Retail Operations, the world' s largest chain of company-owned auto care. They operate over 2,200 stores under 3 brands and this property is a Tires Plus concept. The site is situated on a major commercial thoroughfare and neighbors several national tenants including McDonald' s, 7-Eleven, and Goodwill. The property is within Palmer Ranch, a major development of regional Impact, where there are over 1,500 new homes under construction.
CLICK HERE TO CONTACT THE SALES BROKER
FOR SALE CONTACTS
SVN The Kase Group
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