8357 N Lockwood Ridge Road, Sarasota, FL, 34243
Property Details
-
Price:
$1,913,043
-
Property Type:
Retail
-
Availability:
Recently Sold
-
Transaction Type:
For Sale
-
Lot Size:
0.73 AC
-
Lease Type:
NNN
-
Year Built:
2025
-
Tenancy:
Multi Tenant
-
Available SF:
704 SF
Property Description
Investment Highlights
- Brand New 10-Year Extension – Seller negotiated fair market value renewal option with tenant
- Absolute NNN Fee Simple Lease with Zero Landlord Responsibilities – Tenant pays taxes, insurance and maintains all aspects of the property
- 8.5% Rent to Sales Ratio in 2025 – 20-Year operating history at location
- Corporate Operated and Guaranteed Lease – 729 Checkers & Rally’s locations in the U.S. with 139 in Florida
- Checkers and Rally’s Headquartered in Tampa – 58 miles from subject property
Financial Summary
Investment Highlights
| Price |
$0.00 |
| Price / Unit |
$0.00 |
| Gross Rent Multiplier |
0.00 |
| Proposed Loan Amount |
$0.00 |
| Initial Investment |
$0.00 |
Income & Expenses
Expense
|
Potential
|
Current
|
Total Expenses
|
$ 0.00
|
$ 0.00
|
| Net Operating Income |
$0.00 |
$0.00 |
| Less Debt Service |
$0 |
$0 |
| Potential Net Cash Flow |
$0.00 |
$0.00 |
| Cash on Cash Return |
0.00 % |
0.00 % |
| Capitalization Rate |
0.00 % |
0.00 % |
Rent Roll
Unit
|
BR/BA
|
Current Monthly Rent
|
Potential Monthly Rent
|
Status
|
Lease Expires
|
Totals
|
$ 0.00
|
$ 0.00
|
