TIDE CLEANERS DRIVE-THRU & NAIL SALON - SARASOTA, FL
8452 Tuttle Avenue, Sarasota, FL, 34243, US
CA$6,357,000 | 609 sm
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in the Space Coast Credit Union (“SCCU”) located at 19455 S Dixie Highway in Cutler Bay, Florida (“Property” or “Asset”). SCCU is operating on an absolute NNN lease with ±13.3 years of primary lease term remaining, 2.0% annual rent escalations, three, five-year renewal options and zero landlord responsibilities.
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Attributes
Asking price
CA$5,427,000
Cap rate
5.75%
NOI
CA$312,000
WAULT
13.3 years
Building area net
246 sm
Land area gross
0.24 ha
Media
Investment highlights
- Operating on an absolute NNN lease with ±13.3 years of primary lease term remaining and 2.0% annual rent escalations
- Space Coast Credit Union is the 3rd largest credit union in FL with $8B+ in assets
- Positioned in a dense retail node that genereates 9.2 million visits annually
- Strong demand characteristics driven by 12% population growth since 2010 and AHHI of $115K within a 3-mile radius
- Cutler Bay is a strong retail market with 1.4% vacancy and 19% rent growth
- Along major thoroughfare in Cutler Pay wtih direct accessability to 223,500 VPD
Contact brokers
Space Coast Credit Union - Miami, FL (0 Properties)
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Last updated
Aug 18, 2025
