Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a Skechers located at 4210 S Tamiami Trail, Venice, FL 34293. Skechers signed a 10-year net lease showing a strong commitment to the site. Skechers has two five-year options and rental increases of 10% every five years. The structure is 11,009 square feet of net leasable area and is situated on 1.08 acres of land, as an outparcel to a Walmart Supercenter. Venice, just south of Sarasota along Florida’s white-sanded Gulf Coast, offers 14 miles of beaches, from Casey Key to Manasota Key and plenty of recreational opportunities, including swimming, sunbathing, fishing and boating. Shelling is also a favorite pastime in Venice, and fossilized shark's teeth can be found in abundance by sifting through the sand. Golfers enjoy excellent courses in the greater Venice area. Venice also is a Florida Main Street City– its downtown graced by northern Italian architecture and beautifully landscaped boulevards that date to the original city plans of 1925 and reminiscent of the Italian city of Venice whose name it borrowed. Skechers, a global leader in the footwear industry, designs, develops and markets more than 3,000 styles for men, women and children. Skechers' success stems from its employees, high-quality, varied product offering, diversified domestic and international distribution channels, and targeted multi-channel marketing.