Renovated Popeyes NNN
For Sale
Contact for pricing
820 N Washington Blvd, Sarasota, FL 34236
The site carries an absolute NNN lease with scheduled rent increases and multiple renewal options.
Property Size2,330 SF
Price / SF$1,564
Days on Market13
Property Features for 820 N Washington Blvd
General Information
Standard status
Active
Size
2,330 SF
Total Parking Spaces
27
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$195,047
Site & Location
Traffic Count
58,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Renovated
2022
Tenancy
Single
Listing Agency:
Cushman & Wakefield - Sacramento, California
Listed By:
Vincent Aicale · License #CA 01728696
Source:
Crexi
Added: Aug 19
Changed: Aug 31
Last Checked: Aug 31 at 9:31AM
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 Cushman & Wakefield - Sacramento, California
Investment Insights
Based on property information with market context.
This renovated Popeyes property is occupied under a 20-year absolute NNN lease. The lease provides 10% rental increases every five years and includes four additional five-year extension periods. Under the absolute NNN structure, the tenant is responsible for taxes, insurance, maintenance, repairs, the roof, the structure, and the parking lot, limiting landlord management responsibilities.
The property is located at 820 N Washington Blvd along U.S. Route 301 / N Washington Blvd, where 58,000 vehicles pass the site daily. Downtown Sarasota is less than 1 mile away, and Sarasota Memorial Hospital is less than two miles from the property. The hospital has more than 10,000 employees. The surrounding area includes well-attended schools, while Siesta Beach and Lido Beach provide additional nearby recreational and visitor activity.
The property is located at 820 N Washington Blvd along U.S. Route 301 / N Washington Blvd, where 58,000 vehicles pass the site daily. Downtown Sarasota is less than 1 mile away, and Sarasota Memorial Hospital is less than two miles from the property. The hospital has more than 10,000 employees. The surrounding area includes well-attended schools, while Siesta Beach and Lido Beach provide additional nearby recreational and visitor activity.
Key Highlights
- 20‑year absolute NNN lease with four additional five‑year extension periods
- 10% rental increases every five years
- Newly renovated Popeyes property
Property Analytics
Property Profile
Current Use
Lease Details
58,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,717
Businesses Nearby
110k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Leisure 40%
Dining 10%
Electronics 2%
Regal Hollywood - Sarasota
Leisure
43,722 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
9,093 visits/mo
0.1 miles
Mobil
Shops & Services
7,951 visits/mo
0.3 miles
Speedway
Shops & Services
7,507 visits/mo
0.1 miles
Bank of America
Shops & Services
6,814 visits/mo
0.4 miles
Demographics for 34236, FL
14,083
Population
11,661
Households
1.2
Avg Household Size
66
Median Age
62%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
3,912
Density / Sq Mi
$96,400
Median Household Income
$48,828
Median Earnings
$2,010
Median Rent
$917,100
Median Home Value
Market
Vacancy Rate% for Retail in Sarasota, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - The site carries an absolute NNN lease with scheduled rent increases and multiple renewal options.
Where is this nnn property located?
The property is located at 820 N Washington Blvd Sarasota, FL.
What is the asking price?
The asking price for this property is $3,646,000.
What are key features of this property?
This property features: 20‑year absolute NNN lease with four additional five‑year extension periods; 10% rental increases every five years; Newly renovated Popeyes property
