THREE TENANT RETAIL INVESTMENT PROPERTY ON ST. ARMANDS CIRCLE: LE MACARON | BREEZIN' UP | SAHARA
St. Armands Circle - Very affluent area and well known tourist destination for shopping and dining
Leases terms kept short in order to be able to keep rents at market since they continue to escalate at a quick pace due to the highly sought after location.
Rare opportunity to acquire generational real estate
Minimal landlord management obligations
Fixed annual rental increases
No debt to assume
Florida has NO STATE INCOME TAX
CBRE is pleased to present this rare opportunity to acquire a three-tenant retail investment property on St. Armands Circle in Sarasota, Florida. St. Armands Circle is one of Florida’s most iconic shopping and dining destinations and Sarasota’s #1 tourist destination.
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.
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.