Restaurant

Former Pizza Hut

1820 S Tamiami Trail, Venice, FL 34293

Listing Price: $550,000

Tenant Name
Vacant
Years Remaining On Lease
1.0
Guarantor
No Guarantee
Rentable SF
2,310
Lease Type
Tenant at Will

Investment Overview

Marcus & Millichap is pleased to present Former Pizza Hut, a truly rare investment opportunity for an investor to purchase a property offering that is optimally positioned as a redevelopment opportunity. The location is extremely strong and ideally located in the center of a dense retail corridor. Additionally, this dense infill, high barrier to entry location is situated on US 41, the main N/S thoroughfare through SW Florida, which sees over 48,000 Cars Per Day. The property has numerous location drivers including being situated adjacent to Lowe’s Home Improvement Center, is surrounded by numerous national restaurant concepts and is located in a high growth, emerging SW Florida market. With local market rents in the high $50 / ft. range in this highly desirable corridor, the options are immense for this property transformation. This redevelopment opportunity offers an investor the potential to either convert the existing structure or demolish and erect a new build to suit building.

Investment Highlights

  • Redevelopment Strategy - Conversion or Build to Suit
  • Identified Undersupply of Dining Establishments within 3 and 5 Mile Radius in Submarket
  • 48,000 Cars Per Day on US 41 - the Main Business and Commuter Artery ?
  • Adjacent to Lowe's Home Improvement Center

Exclusively Listed By

Listing Price: $550,000

Tenant Name
Vacant
Years Remaining On Lease
1.0
Guarantor
No Guarantee
Rentable SF
2,310
Lease Type
Tenant at Will

Investment Highlights

  • Redevelopment Strategy - Conversion or Build to Suit
  • Identified Undersupply of Dining Establishments within 3 and 5 Mile Radius in Submarket
  • 48,000 Cars Per Day on US 41 - the Main Business and Commuter Artery ?
  • Adjacent to Lowe's Home Improvement Center

Investment Overview

Marcus & Millichap is pleased to present Former Pizza Hut, a truly rare investment opportunity for an investor to purchase a property offering that is optimally positioned as a redevelopment opportunity. The location is extremely strong and ideally located in the center of a dense retail corridor. Additionally, this dense infill, high barrier to entry location is situated on US 41, the main N/S thoroughfare through SW Florida, which sees over 48,000 Cars Per Day. The property has numerous location drivers including being situated adjacent to Lowe’s Home Improvement Center, is surrounded by numerous national restaurant concepts and is located in a high growth, emerging SW Florida market. With local market rents in the high $50 / ft. range in this highly desirable corridor, the options are immense for this property transformation. This redevelopment opportunity offers an investor the potential to either convert the existing structure or demolish and erect a new build to suit building.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower