Farm Store – Sarasota

3515 Webber Street,

Sarasota, FL 34239

Price:
$910,000
Number of Buildings:
1
Number of Stories:
1
Years Built:
1978
Zoning
CG – Commericial General
Living Area:
1,289 Square Feet (*SCPA)
Type of Ownership:
Fee Simple
HVAC:
Central Air Conditioning

INVESTMENT OVERVIEW

ABOUT THE LOCATION

  • This Farm Store is ideally positioned along Webber Street which offers exposure to approximately 12,200 vehicles per day (VPD) just west of Beneva Road (approx 25,000 VPD).
  • Located in an Affluent and Growing suburb of Hialeah with an average household income of +/- $101,248 within a 5-mile area (Experian)
  • Extremely Dense Trade Area with over 185,747 residents and 236,699 employees within a 3-mile area (Experian)
  • High Barrier to Entry Market

 

ABOUT THE TENANT/BRAND

Farm Stores provides a unique neighborhood experience. A combination of grocery store, bakery and restaurant, we give you the freshest products in the most convenient manner: the equivalent of a drive-thru supermarket express lane.

We offer all your favorite grocery brands in addition to products you won’t find anywhere else, and we bring it all directly to your car! In fact, Farm Stores has been a convenient last stop on the way home for families for nearly 60 years.

Although Farm Stores has evolved to best serve the needs of today’s busy consumer, our brand integrity has remained intact. A nostalgic experience for multiple generations of Floridians, we are now franchising our beloved brand, bringing the Farm Stores experience to communities across America and beyond.

INVESTMENT HIGHLIGHTS

  • Brand New 10-Year NNN Lease
  • Zero Landlord Responsibilities
  • Corporately Signed Lease
  • 3% Annual Rent Increases in the Base Term & 3 (5-Year) Options
  • Farm Stores is a Pioneer of the Drive-Thru Convenience Store Concept
  • Farm Stores are part of a Growing $700-Billion Industry
  • Farm Stores were Founded in 1935 and are uniquely designed to deliver Bedroom Communities and Neighborhoods the freshest products quick and efficiently
  • Recession, Internet, and Pandemic Proof Tenant

EXCLUSIVELY LISTED BY

AARON O'CONNOR

Senior Director Investments
Fort Lauderdale Office
Tel: (954) 245-3518
License: FL SL 3143588
aaron.o'connor@marcusmillichap.com
Land / Redevelopment

JOSEPH THOMAS

Senior Managing Director Investments
Senior Director, National Multi Housing Group
Fort Lauderdale Office
Tel: (954) 245-3492
License: SL FL 3174354
joseph.thomas@marcusmillichap.com