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Shoe Store

Skechers

4210 S Tamiami Trail, Venice, FL 34293

Listing Price: $4,040,025

Cap Rate
5.25%
Tenant Name
Skechers
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
11,009
Lease Type
Double Net
Rent Per Square Feet
$19.50

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.

Investment Highlights

  • Brand New 10 Year Net Lease
  • NYSE Traded Company With Record Sales In Q1 2022 - $1.82B
  • Oversized 1.08 Acre Parcel With Ample On-Site Parking
  • Primary Retail Corridor With Tenants Such As Home Depot And Publix
  • Outparcel To Walmart Supercenter
  • 10% Rental Increases Every Five Years, Providing A Hedge Against Inflation
  • Frontage On South Tamiami Trail – 28,000 VPD
  • Newly Remodeled Interior

Exclusively Listed By

Financing By

Listing Price: $4,040,025

Cap Rate
5.25%
Tenant Name
Skechers
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
11,009
Lease Type
Double Net
Rent Per Square Feet
$19.50

Investment Highlights

  • Brand New 10 Year Net Lease
  • NYSE Traded Company With Record Sales In Q1 2022 - $1.82B
  • Oversized 1.08 Acre Parcel With Ample On-Site Parking
  • Primary Retail Corridor With Tenants Such As Home Depot And Publix
  • Outparcel To Walmart Supercenter
  • 10% Rental Increases Every Five Years, Providing A Hedge Against Inflation
  • Frontage On South Tamiami Trail – 28,000 VPD
  • Newly Remodeled Interior

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.

Exclusively Listed By

Financing By

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