5869 Derek Ave Sarasota, FL 34238-2776

This exceptional investment opportunity presents a 6,036 square foot, single-tenant auto shop in Sarasota, Florida. The property boasts a 15-year absolute NNN lease with a strong corporate guarantee from Christian Brothers Automotive, a rapidly expanding national chain with over 275 locations. Built in 2022, the building sits on a 1.23-acre lot on high-traffic State Road 64, experiencing over 45,000 vehicles daily. The property enjoys 100% occupancy and generates a substantial NOI of $294,000, representing a 6.25% cap rate. The asking price is $4,705,000 ($779.49/sq ft). Rent escalates 1.5% annually starting in year six, and lease options extend the term up to 65 years. The property benefits from a prime location surrounded by numerous national retailers, including Starbucks, McDonald's, CVS, and more. The affluent area boasts an average household income exceeding $116,000, significantly higher than the national average, and a population of over 148,000 within a 5-mile radius. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential.