2425 17th St - Freestanding FOR SALE


Sarasota, FL 34234- Downtown Sarasota
$2,318,000 USD
508-272-0585
2425 17th St, Sarasota, FL for Sale
$2,318,000 USD
Freestanding - FOR SALE
1/4
null | 5.75% Cap Rate

2425 17th St
Sarasota, FL 34234
Downtown Sarasota


HIGHLIGHTS

  • Lease guaranteed by The Sherwin-Williams Company (NYSE: SHW), an S&P investment-grade, Fortune 500 member, and the largest specialty paint retailer wi
  • NN Lease with minimal Landlord Responsibilities | Eight (8) Five (5) year extensions remaining for the tenant with 8% increases each option.
  • 10-year lease with Sherwin-Williams Corporate provides stable income throughout the initial term | 50-year total lease potential through eight remaini

OVERVIEW

- Lease guaranteed by The Sherwin-Williams Company (NYSE: SHW), an S&P investment-grade, Fortune 500 member, and the largest specialty paint retailer with 4,900+ locations in North America. - NN Lease with minimal Landlord Responsibilities | Eight (8) Five (5) year extensions remaining for the tenant with 8% increases each option. - 10-year lease with Sherwin-Williams Corporate provides stable income throughout the initial term | 50-year total lease potential through eight remaining renewal options. - Surrounded by dense suburban growth with strong household incomes | Population within a 5-mile radius exceeds 165K - AHHI within a 5-mile radius exceeds $130K. - Strategic 17th Street Location with excellent visibility and direct access to N Washington Blvd, providing strong regional connectivity and traffic exposure. - 10.7% Population Growth over the past decade, nearly 3x the national average, driven by continued in-migration and supporting strong retail demand.

FOR SALE DETAILS

PRICE

$2,318,000 USD

PRICE/SF

$232 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin-Williams | Sarasota, FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

-

APN/PARCEL ID

0043-15-0001

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.