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Auto Service - Gas-Conv

Kangaroo Express / Mobil

4350 Bee Ridge Rd, Sarasota, FL 34233

Listing Price: $2,694,000

Cap Rate
6.50%
Tenant Name
Knight Store Inc.
Years Remaining On Lease
4.9
Guarantor
Personal Guarantee
Rentable SF
840
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$208.33

Investment Overview

Marcus & Millichap is pleased to present Kangaroo Express / Mobil, a rare investment opportunity for an investor to purchase an iconic brand with a proven track record of success in the market of Sarasota, FL. This unique investment opportunity is ideally positioned on a hard signalized corner with terrific sightline, visibility, and exposure. It is an outparcel to a large Winn Dixie anchored shopping center on the going to work side of the road and just west of I-75, which sees over 102,000 average cars per day. This property has been operating as a gas station for over 30 years which shows commitment to this site for years to come. The subject property has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Investment Highlights

  • Absolute NNN - No Landlord Responsibilities
  • Seller/Lessee Operates 10 Gas Stations / Convenience Stores
  • Florida has NO STATE INCOME TAX
  • The property is an outparcel to a large Winn Dixie anchored shopping center on the going to work side of the road and just west of I-75, which sees over 102,000 average cars per day.
  • The property is located on a hard signalized corner with terrific sightline, visibility, and exposure.
  • The Sarasota market has become known as the home to many of the most coveted planned home communities, which is why population migration continues to push to Sarasota's dense coasts. The increasing demand will only continue to prove a benefit to the subject property in the years to come.
  • There are multiple points of ingress/egress from the hard signalized corner.
  • This property has been operating as a gas station for over 30 years.

Exclusively Listed By

Auto Service - Gas-Conv

Kangaroo Express / Mobil

Listing Price: $2,694,000

Cap Rate
6.50%
Tenant Name
Knight Store Inc.
Years Remaining On Lease
4.9
Guarantor
Personal Guarantee
Rentable SF
840
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$208.33

Investment Highlights

  • Absolute NNN - No Landlord Responsibilities
  • Seller/Lessee Operates 10 Gas Stations / Convenience Stores
  • Florida has NO STATE INCOME TAX
  • The property is an outparcel to a large Winn Dixie anchored shopping center on the going to work side of the road and just west of I-75, which sees over 102,000 average cars per day.
  • The property is located on a hard signalized corner with terrific sightline, visibility, and exposure.
  • The Sarasota market has become known as the home to many of the most coveted planned home communities, which is why population migration continues to push to Sarasota's dense coasts. The increasing demand will only continue to prove a benefit to the subject property in the years to come.
  • There are multiple points of ingress/egress from the hard signalized corner.
  • This property has been operating as a gas station for over 30 years.

Investment Overview

Marcus & Millichap is pleased to present Kangaroo Express / Mobil, a rare investment opportunity for an investor to purchase an iconic brand with a proven track record of success in the market of Sarasota, FL. This unique investment opportunity is ideally positioned on a hard signalized corner with terrific sightline, visibility, and exposure. It is an outparcel to a large Winn Dixie anchored shopping center on the going to work side of the road and just west of I-75, which sees over 102,000 average cars per day. This property has been operating as a gas station for over 30 years which shows commitment to this site for years to come. The subject property has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Exclusively Listed By

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