NNN Leased Industrial
For Sale
Contact for pricing
4106 US 41 N, Palmetto, FL 34221
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$269.43
Days on Market130
Property Features for 4106 US 41 N
General Information
Standard status
Active
Size
3,693 SF
Lot size
0.50 Acres
Property subtype
Industrial
Zoning
HC
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$66,000
Site & Location
Traffic Count
25,000 vehicles/day
Road Access
Yes
Building Details
Year Built
1957
Units
1
Tenancy
Single
Listing Agency:
American Property Group of Sarasota Inc
Listed By:
Tyler Sluman · License #FL SL3487138
Source:
Crexi
Added: Jun 16
Changed: Oct 21
Last Checked: Oct 23 at 5:16AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,726
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,520
$754.5K
Cap Rate 7%
$538,943
$538.9K
Cap Rate 9%
$419,178
$419.2K
Market Conditions
NOI Build-Up for 3,693 SF
Gross rent
$46.1K $12.48/SF
− Vacancy
−$1.7K −$0.46/SF
EGI
$44.4K $12.02/SF
− OpEx
−$6.7K −$1.80/SF
NOI
$37.7K $10.22/SF
Area
Manatee County, FL
Vacancy
3.70%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,520
Cap Rate 7%
$538,943
Cap Rate 9%
$419,178
Alternative Uses
Best Use
Warehouse
$538.9K
$471.6K – $628.8K
NOI $37,726 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$950.3K – $1.27M
NOI $76,020 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
25,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Explore this area
Business Placement
Demographics for 34221, FL
48,082
Population
24,812
Households
1.9
Avg Household Size
45
Median Age
28%
College-Educated
91%
High-School Grad
53.9 sq mi
ZIP Area
892
Density / Sq Mi
$74,314
Median Household Income
$40,072
Median Earnings
$1,459
Median Rent
$298,200
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
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 $995,000.
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
