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Auto Service - Gas-Conv

SQRL 20 Year NNN Lease Affluent Demographics

3951 Clark Rd, Sarasota, FL 34233

Listing Price: $3,366,000

Cap Rate
6.00%
Tenant Name
SQRL
Years Remaining On Lease
19.2
Guarantor
Corporate Guarantee
Rentable SF
2,488
Lease Type
Absolute Net
Rent Per Square Feet
$81.17

Investment Overview

Marcus & Millichap is pleased to present for sale this SQRL Service Station and Convenience Store located at 3951 Clark Road in Sarasota, Florida. Sarasota is a city in Sarasota County Florida located in the southern end of the Greater Tampa Bay Area and north of Fort Myers and Punta Gorda. Its official limits include Sarasota Bay and several barrier islands between the bay and the Gulf of Mexico. Sarasota is the principal city of the Sarasota Metropolitan Statistical Area with a population over 54,842. Sarasota is home to Mote Marine Laboratory, Marie Selby Botanical Gardens and Sarasota Jungle Gardens. The major airport in the area is Sarasota- Bradenton International Airport which serves more than 1,300,000 passengers each year. Less than one mile from this SQRL Service Station is Suncoast Technical College with 1,489 enrolled students and 2 miles away is Florida State university with 43,130 students. Also nearby is Everglades University with 1500 students and 137 faculty. Located nearby this SQRL Service Station and Convenience Store is The Medical Center of Sarasota with 901 Beds and Sarasota Memorial Hospital with 900 Beds. Several apartment complexes surround this SQRL property including Marigot Bay Apartments with 220 rented units, Park Place Villas with 88 rented units, Pinecrest Arms Apartments with 39 rented units, Beneva Place Apartments, Garden Grove Apartments, Anson on Palmer Ranch Apartments, Gulf Gate Apartments, Banyan Trail Apartments, Strathmore Gardens Apartments, The Reserve at Palm Ranch, Phillipe Square Apartments and Latitude 27 Apartments. Many brand- new luxury home developments also surround this property including Mattamy Homes-Sunrise Preserve with 386 Sold Out Lots, Esplanade by Siesta Key with 225 Condos, Promenade East by D. R.Horton, Nautilus Homes, Sandhill Preserve at Palmer Ranch, Hammock Homes Preserve on Ranch Palmer with 300 sold lots, Grand Park by Neal Communities and many, many more. Many recreational areas also encircle this SQRL Service Station including Red Bug Slough Preserve, Bee ridge Park, Bayonne Park, Colonial Oaks Park, Highland Park, Stroll Red Rock Park, Bonita Park and Our Wellen Park. Shopping areas nearby include Sarasota Village, Southeast Plaza, Palm Plaza Shopping Center, Sarasota Pavilion, Coral Cove Mall, Southbridge Plaza, Forest Lakes Shopping Center and Pelican Plaza Shopping Center. SQRL Service Stations are clean, well-lit and safe places to fill up and grab some food. The stations offer full service at the pump and inside, along with drive-thru convenience store service. Clean Parking lots and bathrooms can be expected at every SQRL location. These family friendly coffee-shop like convenience stores offer proprietarily sourced products interspersed with locally grown products and items.

Investment Highlights

  • SQRL Gas and Convenience | 20 Year NNN Lease | 2% Annual Rent Increases
  • Hard Corner Signalized Intersection | +/- 50,000 Vehicles Per Day Traffic Counts
  • Affluent Sarasota County Demographics: Average Household Income Exceeds $104,000 in a Five Mile Radius
  • Qualifies for 80% Bonus Depreciation (Confirm with Your CPA)
  • SQRL Service Stations are Clean, Well-Lit and Safe Places to Fill Up and Grab Some Food
  • Florida is a No Income Tax State

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

SQRL 20 Year NNN Lease Affluent Demographics

Listing Price: $3,366,000

Cap Rate
6.00%
Tenant Name
SQRL
Years Remaining On Lease
19.2
Guarantor
Corporate Guarantee
Rentable SF
2,488
Lease Type
Absolute Net
Rent Per Square Feet
$81.17

Investment Highlights

  • SQRL Gas and Convenience | 20 Year NNN Lease | 2% Annual Rent Increases
  • Hard Corner Signalized Intersection | +/- 50,000 Vehicles Per Day Traffic Counts
  • Affluent Sarasota County Demographics: Average Household Income Exceeds $104,000 in a Five Mile Radius
  • Qualifies for 80% Bonus Depreciation (Confirm with Your CPA)
  • SQRL Service Stations are Clean, Well-Lit and Safe Places to Fill Up and Grab Some Food
  • Florida is a No Income Tax State

Investment Overview

Marcus & Millichap is pleased to present for sale this SQRL Service Station and Convenience Store located at 3951 Clark Road in Sarasota, Florida. Sarasota is a city in Sarasota County Florida located in the southern end of the Greater Tampa Bay Area and north of Fort Myers and Punta Gorda. Its official limits include Sarasota Bay and several barrier islands between the bay and the Gulf of Mexico. Sarasota is the principal city of the Sarasota Metropolitan Statistical Area with a population over 54,842. Sarasota is home to Mote Marine Laboratory, Marie Selby Botanical Gardens and Sarasota Jungle Gardens. The major airport in the area is Sarasota- Bradenton International Airport which serves more than 1,300,000 passengers each year. Less than one mile from this SQRL Service Station is Suncoast Technical College with 1,489 enrolled students and 2 miles away is Florida State university with 43,130 students. Also nearby is Everglades University with 1500 students and 137 faculty. Located nearby this SQRL Service Station and Convenience Store is The Medical Center of Sarasota with 901 Beds and Sarasota Memorial Hospital with 900 Beds. Several apartment complexes surround this SQRL property including Marigot Bay Apartments with 220 rented units, Park Place Villas with 88 rented units, Pinecrest Arms Apartments with 39 rented units, Beneva Place Apartments, Garden Grove Apartments, Anson on Palmer Ranch Apartments, Gulf Gate Apartments, Banyan Trail Apartments, Strathmore Gardens Apartments, The Reserve at Palm Ranch, Phillipe Square Apartments and Latitude 27 Apartments. Many brand- new luxury home developments also surround this property including Mattamy Homes-Sunrise Preserve with 386 Sold Out Lots, Esplanade by Siesta Key with 225 Condos, Promenade East by D. R.Horton, Nautilus Homes, Sandhill Preserve at Palmer Ranch, Hammock Homes Preserve on Ranch Palmer with 300 sold lots, Grand Park by Neal Communities and many, many more. Many recreational areas also encircle this SQRL Service Station including Red Bug Slough Preserve, Bee ridge Park, Bayonne Park, Colonial Oaks Park, Highland Park, Stroll Red Rock Park, Bonita Park and Our Wellen Park. Shopping areas nearby include Sarasota Village, Southeast Plaza, Palm Plaza Shopping Center, Sarasota Pavilion, Coral Cove Mall, Southbridge Plaza, Forest Lakes Shopping Center and Pelican Plaza Shopping Center. SQRL Service Stations are clean, well-lit and safe places to fill up and grab some food. The stations offer full service at the pump and inside, along with drive-thru convenience store service. Clean Parking lots and bathrooms can be expected at every SQRL location. These family friendly coffee-shop like convenience stores offer proprietarily sourced products interspersed with locally grown products and items.

Exclusively Listed By

Financing By

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