TIDE CLEANERS DRIVE-THRU & NAIL SALON - SARASOTA, FL
8452 Tuttle Avenue, Sarasota, FL, 34243, US
NZ$7,855,000 | 609 m²
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
NZ$6,706,000
Cap rate
5.75%
NOI
NZ$386,000
WAULT
13.3 years
Building area net
246 m²
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
18 Aug 2025
