820 N Washington Blvd | Sarasota, FL 34236
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820 N Washington Blvd
Sarasota, FL 34236
Popeyes · Retail Property For Sale
Investment Highlights
- New 20-year absolute NNN lease with 10% rental increases every five (5) years
- Excellent investment asset located in an income tax-free state
- Popeyes opened 146 new restaurants in the U.S. over the past year and approximately 200 globally despite the pandemic
- Four (4) extension periods of five (5) years each, providing a strong long-term investment opportunity
- Absolute NNN lease requires no landlord management, including all maintenance responsibilities, ideal for both local and out-of-area investors
- High-quality remodel featuring a dedicated drive-thru for added customer convenience (drive-thru captures 80% of Popeye’s business)
Executive Summary
This Popeyes features a prime location along 8th Street and North Washington Boulevard, a main thoroughfare connecting Sarasota to surrounding population centers such as Bradenton, Venice, St. Petersburg, Clearwater, and Tampa. The property is surrounded by many densely populated residential developments and benefits greatly from being positioned within walking distance of Downtown Sarasota,
improving the overall visibility and access to a strong customer base. Sarasota is a tourist destination, with over three million visitors coming to Sarasota County annually to visit the countless attractions such as Mote Marine Laboratory, The Ringling Museum of Art, Sarasota Bay, and many otherThe property maintains excellent proximity to community hubs which provide the location with a consistent customer base, such as Sarasota High School (2,117 students), Sarasota Memorial Hospital (9,785 employees), Booker High School (1,296
students), and Sarasota Military Academy (1,469 students)
improving the overall visibility and access to a strong customer base. Sarasota is a tourist destination, with over three million visitors coming to Sarasota County annually to visit the countless attractions such as Mote Marine Laboratory, The Ringling Museum of Art, Sarasota Bay, and many otherThe property maintains excellent proximity to community hubs which provide the location with a consistent customer base, such as Sarasota High School (2,117 students), Sarasota Memorial Hospital (9,785 employees), Booker High School (1,296
students), and Sarasota Military Academy (1,469 students)
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,326 SF
Building Class
C
Year Built/Renovated
1981/2023
Price
$5,603,591 CAD
Price Per SF
$2,409 CAD
Cap Rate
5%
NOI
$280,175 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.54 AC
Opportunity Zone
Yes
Zoning
DTE
Parking
30 Spaces (12.9 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 2026-01-0056 | Improvements Assessment | $470,713 CAD |
| Land Assessment | $935,808 CAD | Total Assessment | $1,406,521 CAD |
PROPERTY TAXES
Parcel Number
2026-01-0056
Land Assessment
$935,808 CAD
Improvements Assessment
$470,713 CAD
Total Assessment
$1,406,521 CAD
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