TRANSACTION HIGHLIGHTS
Address: 1851 Tamiami Trail, Port Charlotte, FL 33948
Sold Price: $3,000,000
CAP: 7%
Total Size: 5,300 SF
Lease Type: NN
FA Commercial is pleased to announce the sale of this 5,300 SF retail located in Port Charlotte, Florida. The property offers Double Net (NN) leases, each lease has 4.5 Years remaining on the primary term and offers 2 (5 Year) options to renew, each with a rental rate increase. The tenants are Sleep Number and The Vitamin Shoppe, both stores have been open & operating successfully since October of 2016.
About FA Commercial
FA Commercial is a specialized team led by Fabio Faerman. The team focuses on investment sales, landlord representation, and tenant representation. We capitalize on opportunities and provide clients with strategies for their real estate properties with a distinctive approach. Fabio Faerman is the director of the commercial division at Fortune International Realty. He has been the top producer for Fortune 9 years in a row. Since 2002, FA Commercial has sold and leased over $1 billion in assets across South Florida.