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Restaurant

Sonny's Real Pit BBQ

3926 S Tamiami Trail, Sarasota, FL 34231

Listing Price: $3,247,000

Cap Rate
4.78%
Tenant Name
Southwest Bar-B-Q Inc
Years Remaining On Lease
10.9
Guarantor
Regional Franchisee
Rentable SF
6,005
Lease Type
Absolute Net
Rent Per Square Feet
$25.86

Investment Overview

Marcus & Millichap is pleased to present Sonny's Real Pit BBQ- Sarasota, FL, a truly rare investment opportunity for an investor to purchase a truly iconic brand with a proven track record of success in a quickly growing submarket of Sarasota, FL. This unique investment opportunity is ideally positioned in Sarasota, FL. Additionally, this dense infill, high barrier to entry location on S. Tamiami Trail, which sees over 48,000 Cars Per Day and is adjacent to the intersection of US 41 and Bee Ridge Rd. – boasting an average daily traffic count of 58,000. The location has a long operating history with a growing built in customer base with numerous immediate retail options, such as IHOP, Tire Kingdom, McDonald’s, Walgreens, Publix, and more. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Investment Highlights

  • $750,000 Store Remodel in 2020 Demonstrating Tenant's Commitment to the Location
  • Proven Location with 28 Year Operating History
  • Strong Historic & Upward Trending Sales
  • Operated by a True Certified BBQ Pitmaster & Acclaimed Chef with Over 27 Years in the Sonny's Brand & 19 Years as a Franchisee
  • 2 Parcels South of Bee Ridge Rd.; One of the Busiest Intersections in Sarasota with a Combined Traffic Count of Over 79,000 Cars per Day
  • Located in the Center of a Main Retail Corridor Immediately surrounded by Publix, Westfield Siesta Key Shopping Center, McDonald's, Walgreens, CVS, Starbucks, Bonefish Grill, IHOP, Tire Kingdom, Fifth Third Bank and many more.

Exclusively Listed By

Restaurant

Sonny's Real Pit BBQ

Listing Price: $3,247,000

Cap Rate
4.78%
Tenant Name
Southwest Bar-B-Q Inc
Years Remaining On Lease
10.9
Guarantor
Regional Franchisee
Rentable SF
6,005
Lease Type
Absolute Net
Rent Per Square Feet
$25.86

Investment Highlights

  • $750,000 Store Remodel in 2020 Demonstrating Tenant's Commitment to the Location
  • Proven Location with 28 Year Operating History
  • Strong Historic & Upward Trending Sales
  • Operated by a True Certified BBQ Pitmaster & Acclaimed Chef with Over 27 Years in the Sonny's Brand & 19 Years as a Franchisee
  • 2 Parcels South of Bee Ridge Rd.; One of the Busiest Intersections in Sarasota with a Combined Traffic Count of Over 79,000 Cars per Day
  • Located in the Center of a Main Retail Corridor Immediately surrounded by Publix, Westfield Siesta Key Shopping Center, McDonald's, Walgreens, CVS, Starbucks, Bonefish Grill, IHOP, Tire Kingdom, Fifth Third Bank and many more.

Investment Overview

Marcus & Millichap is pleased to present Sonny's Real Pit BBQ- Sarasota, FL, a truly rare investment opportunity for an investor to purchase a truly iconic brand with a proven track record of success in a quickly growing submarket of Sarasota, FL. This unique investment opportunity is ideally positioned in Sarasota, FL. Additionally, this dense infill, high barrier to entry location on S. Tamiami Trail, which sees over 48,000 Cars Per Day and is adjacent to the intersection of US 41 and Bee Ridge Rd. – boasting an average daily traffic count of 58,000. The location has a long operating history with a growing built in customer base with numerous immediate retail options, such as IHOP, Tire Kingdom, McDonald’s, Walgreens, Publix, and more. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Exclusively Listed By

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