4965 Ringwood Meadow Sarasota, FL 34235

Listing agency SURMOUNT g***@nnnpro.com Show Phone

Listed by Glen Kunofsky · License #NY 49KU1129178

Source Crexi

Added: Apr 11 Updated: Jul 21 at 10:38PM Checked: Jul 21 at 10:38PM

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Investment Insights

Based on property information with market context.

NNN Pro Group is pleased to present the exclusive sale listing for The Learning Cottage, a specialty NNN property located at 4965 Ringwood Meadow in Sarasota, Florida. The site includes approximately 8,488 rentable square feet of building space on an estimated 0.19-acre parcel.

The property is subject to a 20-year absolute triple-net (NNN) lease that commenced on December 16, 2021. Current annual rent is $178,166. Rent is scheduled to increase by 2.0% annually starting in Year 7 of the base term and continuing throughout the remainder of the lease term, including each of the 4, 5-year renewal options.

Key Highlights

• 8,488 rentable SF learning facility on an estimated 0.19‑acre parcel in Sarasota, FL
• 20‑year absolute triple‑net (NNN) lease in place
• Lease commenced December 16, 2021

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FAQs

What type of property is this?

NNN property - 20-year absolute triple-net lease in place for a learning facility with scheduled annual rent increases.

Where is this nnn property located?

The property is located at 4965 Ringwood Meadow Sarasota, FL.

What are key features of this property?

This property features: 8,488 rentable SF learning facility on an estimated 0.19‑acre parcel in Sarasota, FL; 20‑year absolute triple‑net (NNN) lease in place; Lease commenced December 16, 2021