Property Highlights
- Food Service Infrastructure - Purpose-built for food production, the facility includes specialized food-grade infrastructure that is costly to replicate, supporting long-term tenancy and reducing re-tenanting risk.
- Stable Long-Term Investment: The current tenant is backed by a large private equity group and has operated at this location since 2013, demonstrating a proven track record and strong commitment to the site.
- Absolute NNN: This opportunity offers true hands-off cash flow, with the tenant responsible for all property-related expenses, including roof and structure, taxes, insurance, utilities, and general maintenance.
- Limited Supply: There is a notable shortage of warehouse developments under 25,000 SF, particularly for assets with similar characteristics, positioning the property favorably within the market.
- Replaceable Rent: Based on recent lease comparables, the current rent of $13.09/SF (Effective June 1st, 2026) is very achievable. Limited supply and strong demand from private users continue to support leasing for assets of this size.
- Strategic Location – Centrally located in the Palmetto industrial corridor, this property offers strong accessibility. Positioned just off US-301 (23,000 AADT), it provides direct access to major state roads and highways throughout the submarket, ensuring efficient transportation and logistics connectivity.
± 0.3 miles from US-301
± 3 miles from I-75
± 23 miles from Downtown St. Petersburg
± 15 miles from Downtown Sarasota
± 44 miles from Downtown Tampa
± 13 miles from Sarasota Bradenton International Airport
Broker of Record
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550