1540 12th St E

Stable Long-Term Investment: The current tenant is backed by a large private equity group and has operated at this location since 2013. Due to the presence of heavy, fixed baking equipment, relocating would be cost-intensive, increasing the likelihood they exercise both option periods and remain long term.
Absolute NNN: This opportunity offers true hands-off cash flow, with the tenant responsible for all property-related expenses, including roof and structure, taxes, insurance, utilities, and general maintenance.
Limited Supply: There is a notable shortage of warehouse developments under 25,000 SF, particularly for assets with similar characteristics, positioning the property favorably within the market.
Replaceable Rent: Based on recent lease comparables, the current rent of $13.09/SF is very achievable. Limited supply and strong demand from private users continue to support leasing for assets of this size.
Strategic Location: Centrally located in the Palmetto industrial corridor, this property offers strong accessibility. Positioned just off US-301 (23,000 AADT), it provides direct access to major state roads and highways throughout the submarket, ensuring efficient transportation and logistics connectivity.
- ± 0.3 miles from US-301
- ± 3 miles from I-75
- ± 23 miles from Downtown St. Petersburg
- ± 15 miles from Downtown Sarasota
- ± 44 miles from Downtown Tampa
- ± 13 miles from Sarasota Bradenton International Airport

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