Single-Tenant NNN
New
For Sale
Contact for pricing
2425 17th St, Sarasota, FL 34234
Corporate-backed occupancy, scheduled rent growth, and multiple renewal options support a low-management commercial investment.
Property SizeContact for details
Days on Market7
Property Features for 2425 17th St
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Atlantic Capital Partners
Listed By:
David Hoppe · License #NC 288268
(704) 375-7771
Source:
Crexi
Added: Sep 11
Changed: Sep 16
Last Checked: Sep 16 at 2:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlantic Capital Partners
Investment Insights
Based on property information with market context.
This single-tenant NNN investment is fully leased to Sherwin-Williams under a direct corporate-guaranteed agreement. The current lease term runs through May 31, 2033, with eight additional five-year renewal options and 8% rent increases at each option. If fully exercised, the lease could extend through 2073. Landlord obligations are limited to roof, structure, parking lot, and HVAC replacement.
The property is located at 2425 17th Street in Sarasota, with direct connectivity to N Washington Blvd. Traffic counts are 17,200 AADT along 17th Street and 42,500 AADT on N Washington Blvd. The asset is part of the North Port–Bradenton–Sarasota MSA and carries a 5.75% cap rate.
The property is located at 2425 17th Street in Sarasota, with direct connectivity to N Washington Blvd. Traffic counts are 17,200 AADT along 17th Street and 42,500 AADT on N Washington Blvd. The asset is part of the North Port–Bradenton–Sarasota MSA and carries a 5.75% cap rate.
Key Highlights
- 100% leased to Sherwin‑Williams under a corporate‑guaranteed lease
- Current lease term runs through May 31, 2033
- Eight remaining five‑year renewal options with 8% increases at each option
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,089
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Home Improvements & Furnishings 17%
Dollar General
Shops & Services
8,616 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
1,413 visits/mo
0.1 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,120 visits/mo
0.1 miles
Graybar
Home Improvements & Furnishings
904 visits/mo
0.1 miles
Demographics for 34234, FL
20,858
Population
10,257
Households
2
Avg Household Size
42
Median Age
28%
College-Educated
86%
High-School Grad
6.5 sq mi
ZIP Area
3,209
Density / Sq Mi
$56,607
Median Household Income
$33,536
Median Earnings
$1,352
Median Rent
$222,900
Median Home Value
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Market
Vacancy Rate% for Retail in Sarasota, FL
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-backed occupancy, scheduled rent growth, and multiple renewal options support a low-management commercial investment.
Where is this nnn property located?
The property is located at 2425 17th St Sarasota, FL.
What is the asking price?
The asking price for this property is $2,318,000.
What are key features of this property?
This property features: 100% leased to Sherwin‑Williams under a corporate‑guaranteed lease; Current lease term runs through May 31, 2033; Eight remaining five‑year renewal options with 8% increases at each option
