• Year Built: 1977
3593 - 3599 Webber St is aretail property for lease in Sarasota, FL.
Price Reduced $50,000 on this Neighborhood Strip Mall End Cap consisting of four retail spaces. Excellent visibility w/ almost 250' of street frontage on a 4 lane divided highway. Ingress and Egress by traffic signal. Approximately 35,000 daily car count satisfies most franchise requirements. Alley access along the back side of the property allows for deliveries and additional parking. Surrounded by mature residential neighborhoods of South Gate and Forest Lakes there are plenty of rooftops in the immediate vicinity including new residential construction. 3593 is leased to Liberty Tax Service and is 925 sq ft MOL. 3595 is leased to Total Wellness Salon and is 1,567 sq ft MOL. 3597 is leased to Boost Mobile and is 2532 sq ft MOL and 3599 is leased to Marco's Pizza and is 767 sq ft MOL. All leases are available upon execution of a CA.Three tenants are national franchises and one is independent. Utilities are separate and are billed to the tenants. There is a house 5th electric meter for the pylon sign lighting paid for by the owner. The property is in good condition. Many updates in 2013 including; electrical, roof, plumbing and HCAV. There is also a small supply storage area for the owner. Annual rent for 2015 is $58,259. Expenses are $14,364. NOI is $43,894. Existing leases have renewal options that will increase Rent to $66,041 which moves CAP from 5.5 to 6.5.
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