Three Investors Acquire Starbucks Retail Property On Fruitville Road In Sarasota For $2.19M
5901 Fruitville Road
$2,190,000
$702/SF
Building Size
3,118 SF
Asset Type
Retail
Closing
Jun 10, 2025
About this deal
AI
A 1.04-acre retail property located at 5901 Fruitville Road in Sarasota has been sold for $2,190,000. The asset features a 3,118-square-foot Starbucks and is part of a 1031 Exchange transaction. The seller, Furman Inc., entered into a corporate-backed lease for the site, which has nine years remaining.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,190,000
- Sale Date: 06/10/2025
- Address: 5901 Fruitville Road
- Market: Sarasota
- Acres: 1.04
- Square Footage: 3,118
- Price Per Square Foot: $702
- Seller: Furman Inc
- Broker: Doug Sullivan - Woodstone Associates
Three investors were involved in the acquisition of the property, facilitated by Doug Sullivan of Woodstone Associates, who represented the seller, Furman Inc., in the transaction.
On the Map
$2,190,000
$702/SF
Retail
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Sarasota Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.24%
Cash-on-Cash
-2.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93