Pizza Hut and Davita Anchored Retail Center – North Port, FL

Pizza Hut and Davita Anchored Retail Center – North Port, FL

Pizza Hut and Davita Anchored Retail Center – North Port, FL
14942 Tamiami Trail
North Port, FL 34287

$2,800,000

Cap Rate 8.77%
Gross Leasable Area (GLA) 19,230 Sq.Ft.
Price Per Square Foot (GLA) $145
Year Built 2003
Lot Size 2.28 Acres
  • 19,230 Square Foot Pizza Hut and DaVita Dialysis Anchored Shopping Center
  • NPC International is the Largest Pizza Hut Franchisee in the World and Currently Operates 1,255 Stores in 28 States
  • DaVita Dialysis Operates 2,058 Outpatient Dialysis Centers
  • Strategic Location Adjacent to Numerous Power Retailers Including Walmart, Home Depot, Lowe’s, Publix, Ross, T.J. Maxx, CVS, Walgreens, Hobby Lobby, Sports Authority, and Bealls
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Pizza Hut and Davita Anchored Retail Center – North Port, FL (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

Marcus & Millichap is pleased to have sold North Port Place (the “Property), a 19,230 +/- square foot multi-tenant retail center located on heavily traveled South Tamiami Trail (31,500 +/- cars per day) within the city of North Port, which is in Sarasota County on Florida’s west coast. The Property is 100 percent leased to a variety of local, regional, and national tenants including Pizza Hut (NPC International), DaVita Dialysis, and Calusa National Bank.

The tenants in North Port Place benefit from increased consumer traffic into the area due to its strategic location adjacent to numerous power retailers including Walmart, Home Depot, Lowe’s, Publix, Ross, T.J. Maxx, CVS, Walgreens, Hobby Lobby, Sports Authority, and Bealls. Two of the area’s premier golf course communities, Sable Trace Golf & Country Club and Heron Creek Golf & Country Club, are located within two miles of the site. The retail trade area draws from a total population of nearly 300,000 within a 15 mile radius.

For More Information, Please Contact:

James Medefind

First Vice President Investments
813-387-4788
james.Medefind@marcusmillichap.com