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Northern Tool + Equipment 44091 US Highway 19 N 25,461 SF Retail Building Tarpon Springs, FL 34689 $6,794,374 CAD ($266.85 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Corporate lease | Northern Tool & Equipment Company, Inc. | 140 locations across the US
- Located inside of dense retail corridor | 2.1M SF within a 2-mile radius
- Strong projected population growth over the next 5 years | 13.02% growth within a 1-mile radius
- Great visibility & access from US Highway 19 | 63,000 VPD
- Long operating history | Leased since 2008
- Affluent surrounding area | $97,918 average household income within a 5-mile radius
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Northern Tool + Equipment in Tarpon Springs, FL. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
25,461 SF
Building Class
B
Year Built/Renovated
2008/2022
Price
$6,794,374 CAD
Price Per SF
$266.85 CAD
Cap Rate
6.75%
NOI
$458,623 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
2.39 AC
Zoning
Commercial
Parking
109 Spaces (4.28 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 06-27-16-00000-120-0200 | Improvements Assessment | $4,747,085 CAD |
| Land Assessment | $1,071,463 CAD | Total Assessment | $5,818,548 CAD |
Property Taxes
Parcel Number
06-27-16-00000-120-0200
Land Assessment
$1,071,463 CAD
Improvements Assessment
$4,747,085 CAD
Total Assessment
$5,818,548 CAD
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Northern Tool + Equipment | 44091 US Highway 19 N
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