Applebee's - Sarasota

Asset Type


5550 Fruitville Rd Sarasota, FL United States 34232-6405
Asking Price


Sq Footage


Year Built


Cap Rate


Additional Attributes
Escalations 1.5% annual increases
Lease Expiration 2027-07-31
Lease Type NNN
Other Guarantor Name Doherty Florida Fruitville, LLC

Property Description

JLL is pleased to offer for sale the fee-simple interest in an absolute NNN leased Applebees located in Sarasota, FL. The property is a freestanding retail building that is tenanted by Doherty Florida Fruitville, LLC (d/b/a Applebees) on an NNN lease with 8.9 years of contractual lease term remaining. The Property is strategically positioned along Fruitville Road (54,000 VPD) a main east/west thoroughfare that connects Sarasota with Interstate 75. The Asset is adjacent to Sarasota Commerce Center I & II which consists of 241,000 SF of office space, and also adjacent to 50 Paramount Drive which is a brand-new, multi-family development built in 2018 consisting of 284 Units/614 Beds. The Asset benefits from strong visibility/frontage along Fruitville Road, as well as being located in the #1 Best Place to Retire in the United States (U.S. News) Sarasota, Florida.

Investment Highlights

• Well-positioned with frontage and visibility to Fruitville Road which sees daily vehicle counts of over 54,000
• Adjacent to 241,000 square feet of office space as well as a brand-new multi-family development constructed in 2018
• The tenant has 8.9 years of lease term remaining
• The tenant is on a NNN lease with no landlord responsibilities
• The tenant is an operator with a portfolio of 150+ stores
• Sarasota, Florida ranked #1 Best Place to Retire in the United States by U.S. News
• No state income tax
Listing Contacts
Peter Furest
Peter Furest
SVP, Capital Markets
+65 3159 4021
NY - 10401232530
Carson Good
Managing Director, Captl Mkts
+65 3159 4021
Brian Shanfeld
Brian Shanfeld
Managing Director, Captl Mkts
+65 3159 4021
IL - 475158824
Eric Suffoletto
Eric Suffoletto
EVP, Capital Markets
+65 3159 4021
IL - 475.14702
Taylor Wolfes
SVP, Capital Markets
+65 3159 4021
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