TIDE CLEANERS DRIVE-THRU & NAIL SALON - SARASOTA, FL

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the interest in the Tide Cleaners and My Nail Boutique at 8452 Tuttle Avenue Sarasota FL 34243 (the “Property” or “Asset”). The asset was built-to-suit in 2018. Tide Cleaners and My Nail Boutique (the “Tenants”) operate on two separate leases. Tide Cleaners will enter into a 15-year, absolute NNN lease upon closing with 5.0% rental escalations every 5 years and 3, 5-year extensions. My Nail Boutique is operating on a 10-year, NNN lease with 3% annual rent escalations and 2, 5-year extensions with 4% annual rental escalations. The Asset features 11.9 years of weighted average lease term (WALT) remaining.