Shopping Strip
North Port Village
14255 S Tamiami Trl, North Port, FL 34287
Listing Price: $11,300,000
Investment Overview
Marcus & Millichap is proud to present for sale, North Port Village, a 66,083 SF Shopping Center Anchored by Planet Fitness located in North Port, Florida.
North Port Village
Investment Highlights
- 100% Occupied, 66,083 SF Shopping Center Anchored by Planet Fitness | Strong Tenant Roster also Features Humana and Napa Auto Parts
- Newly Signed 10-year Leases with Planet Fitness, Do The Beach Adventure Park and Be Well Holistic Spa, Totaling 41,640 Square Feet
- Seller has Invested $3,000,000 in Recent Capital Improvements Including a Complete Parking Lot Reseal/Re-Stripe and Roof Replacement/New Facade for the Majority of the Center
- The Weighted Average Lease Term is Over Seven Years
- Priced Below Replacement Cost at $171 Per Square Foot
- Located on the Northwest Corner of Busy Tamiami Trail (US 41) and North Port Boulevard with Average Daily Traffic Count of 42,400 Vehicles Per Day
- Highly Visible f rom Tamiami Trail, with Six Points of Ingress/Egress and a Strong Parking Ratio of 4.62 Spaces Per 1,000 Square Feet
- North Port Lies Between Tampa and Fort Myers, with Growing Retail Rental Rates and Low Vacancy Rates
Exclusively Listed By
Listing Price: $11,300,000
Investment Highlights
- 100% Occupied, 66,083 SF Shopping Center Anchored by Planet Fitness | Strong Tenant Roster also Features Humana and Napa Auto Parts
- Newly Signed 10-year Leases with Planet Fitness, Do The Beach Adventure Park and Be Well Holistic Spa, Totaling 41,640 Square Feet
- Seller has Invested $3,000,000 in Recent Capital Improvements Including a Complete Parking Lot Reseal/Re-Stripe and Roof Replacement/New Facade for the Majority of the Center
- The Weighted Average Lease Term is Over Seven Years
- Priced Below Replacement Cost at $171 Per Square Foot
- Located on the Northwest Corner of Busy Tamiami Trail (US 41) and North Port Boulevard with Average Daily Traffic Count of 42,400 Vehicles Per Day
- Highly Visible f rom Tamiami Trail, with Six Points of Ingress/Egress and a Strong Parking Ratio of 4.62 Spaces Per 1,000 Square Feet
- North Port Lies Between Tampa and Fort Myers, with Growing Retail Rental Rates and Low Vacancy Rates
Investment Overview
Marcus & Millichap is proud to present for sale, North Port Village, a 66,083 SF Shopping Center Anchored by Planet Fitness located in North Port, Florida.
Exclusively Listed By
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