NNN Leased Industrial
4106 US 41 N Palmetto, FL 34221
4106 US 41 N, Palmetto, FL, 34221
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For Sale
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Industrial building of about 3,700 SF on 10+ acres along US 41 North with a newly executed five-year NNN lease.
Property Size3,693 SF
Lot Size0.50 Acres
Price / SF$284.32
Days on Market36
Property Features for 4106 US 41 N
General Information
- Standard status
- Active
- Size
- 3,693 SF
- Lot size
- 0.50 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1957
Listing agency
American Property Group of Sarasota Inc
Listed by
Tyler Sluman · License #FL SL3487138
Source
Crexi
Added: Jun 16 Updated: Jul 21 at 12:34AM Checked: Jul 21 at 12:34AM
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 American Property Group of Sarasota Inc
Investment Insights
Based on property information with market context.
American Property Group presents a stabilized industrial investment featuring an approximately 3,700 SF building situated on over 10.5 acres. The property is offered for sale subject to a newly executed five-year NNN lease.
Located along US 41 North in Palmetto, Florida, the site benefits from high traffic exposure and visibility, with approximately 25,000 vehicles per day per the provided remarks. The industrial building is positioned within one of Palmetto’s primary commercial corridors.
The property is described as having a strong national tenant in place, with credit metrics referenced in the remarks including a BBB+ credit rating and an A- Japanese credit rating. This combination is intended to support dependable cash flow and long-term occupancy under the NNN lease structure.
Located along US 41 North in Palmetto, Florida, the site benefits from high traffic exposure and visibility, with approximately 25,000 vehicles per day per the provided remarks. The industrial building is positioned within one of Palmetto’s primary commercial corridors.
The property is described as having a strong national tenant in place, with credit metrics referenced in the remarks including a BBB+ credit rating and an A- Japanese credit rating. This combination is intended to support dependable cash flow and long-term occupancy under the NNN lease structure.
Key Highlights
- Industrial investment property built in 1957
- ±3,700 SF industrial building
- Over 10.50 acres on US 41 North in Palmetto, FL 34221
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.1k | $12.48 |
| − Vacancy | −$1.7k | −$0.46 |
| EGI | $44.4k | $12.02 |
| − OpEx | −$6.7k | −$1.80 |
| NOI | $37.7k | $10.22 |
3,693 SF · lease $12.48/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$538.9K
$471.6K – $628.8K
NOI $37,726 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$950.3K – $1.27M
NOI $76,020 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
New South Site ...
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Industrial building of about 3,700 SF on 10+ acres along US 41 North with a newly executed five-year NNN lease.
Where is this nnn property located?
The property is located at 4106 US 41 N Palmetto, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Industrial investment property built in 1957; ±3,700 SF industrial building; Over 10.50 acres on US 41 North in Palmetto, FL 34221
