Retail Unit for Sale - Available Immediately

SINGLE TENANT GENERATIONAL REAL ESTATE OPPORTUNITY

Highlights

  • St. Armands Circle - Very affluent area and well known tourist destination for shopping and dining
  • Very affluent area and well known tourist destination
  • Rare opportunity to acquire generational real estate
  • Minimal landlord management obligations
  • Lease fully guaranteed by parent company, Oxford Industries, Inc. (NYSE: OXM, 2019 Annual Revenue of $1.12 Billion)
  • Fixed annual rental increases throughout entire lease
  • No debt to assume
  • Florida has NO STATE INCOME TAX

Overview

CBRE is pleased to present this rare single tenant retail investment opportunity located within one of Florida’s most iconic shopping and dining destinations and Sarasota’s #1 tourist destination, St. Armands Circle. Vacationers from all over the world enjoy strolling around the Circle and it 130+ boutique shops and restaurants lined with lush tropical landscape, statues and seating areas. The Circle has a wide variety of tenants including restaurants, wine bars, fashion stores, gift and collectable stores, art galleries, jewelers, salons/ spas and real estate offices just to name a few. With large window displays and bright lights, the shops and galleries of the Circle seem to naturally draw you in. In the center of the Circle is a park like setting which often is home to many exotic car shows, arts and craft festivals, and outdoor performances each year. Originally conceived by circus Magnate John Ringling in 1925, the modern day Circle has long surpassed his original vision and dream of a premier shopping and dining district and was awarded by TripAdvisor in 2018 with their Certificate of Excellence. Tommy Bahama, the Seattle based manufacturer of casual, men’s and women’s sportswear and activewear, denim, swimwear, accessories, footwear and a complete home furnishings collection, is available at Dillard’s, Neiman Marcus, Saks Fifth Avenue, Nordstrom, Lord & Taylor, Belk and Von Maur, along with resort locations around the world. There are over 160 company-owned Tommy Bahama retail stores worldwide, 18 of which include a Tommy Bahama restaurant and bar.
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Location Description

St. Armands Circle, a popular tourist destination, features a large circular roundabout surrounded by 130+ retail shops, dining establishments, ice cream and chocolate retailers, art galleries, salons, spas and the like. In the center of the large circle is a park like setting which often is home to many exotic car shows, arts and craft festivals, and outdoor performances each year. Originally conceived by circus Magnate John Ringling in 1925, the modern day Circle has long surpassed his original vision and dream of a premier shopping and dining district. Among the many high end boutiques along St. Armands Circle, you’ll also find national retailers and brand names such as Starbucks, Sunglass Hut, Chase Bank, The Walking Co., Ben & Jerry’s, Chico’s, Lilly Pulitzer, Everything But Water, White House | Black Market, Pandora, Alex and Ani, Leggiadro, The Black Dog General Store, Tommy Bahama Restaurant and Wells Fargo Bank.

Sizes and Measurements

Total Space Available

4,738 sqft

Pricing Information

FOR SALE

$446,163.06

Photos

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