For Sale
$4,920,000

15209 Garnet TrlBradenton, FL 34211

High-Yield NNN Auto Shop Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a newly constructed (2022), 8,820-square-foot Mavis Tires & Brakes retail property located at 15209 Garnet Trl, Bradenton, FL 34211. The property sits on a 1.38-acre lot and boasts a strong 5.00% cap rate with a substantial net operating income (NOI) of $246,000. The current lease, a triple-net (NNN) agreement with Mavis Discount Tires, has 18.1 years remaining, extending to December 31, 2042, with two 5-year renewal options. Rent increases of 5% are built into the lease every five years, providing consistent growth potential. This prime location within the Lakewood Ranch community benefits from high traffic counts (over 34,500 cars daily on State Road 70), proximity to a Publix-anchored center, major roadways (Interstate-75), and the Sarasota-Bradenton International Airport. The surrounding area exhibits robust economic and population growth, projected at 20-30% within the next five years, with an average household income exceeding $137,000 within a 3-mile radius. The Sarasota-Bradenton MSA attracts four million visitors annually, further enhancing the property's investment appeal. This is a corporate-guaranteed investment with a long-term lease and built-in rent escalations, making it an ideal addition to any portfolio. The asking price is $4,920,000, translating to $557.82 per square foot. The property is 100% occupied.

Highlights

  • Corporate-guaranteed, newly constructed building.
  • NNN lease with approximately 19+ years remaining.
  • 5% rental increases every five years.
  • High-traffic location off State Road 70 (34,500+ cars daily).
  • Strong projected population and economic growth (20-30% in five years).
  • Dense population: 333,000+ residents within a 10-mile radius.

Property Details for 15209 Garnet Trl

Property type
Retail properties, Auto shops
Square Feet
8,820 SF
Year Built
2022
Lot Size (sq. ft)
60,113 SF

Location Insight

City
Bradenton
County
Manatee
State
Florida
Latitude
27.432842
Longitude
-82.3872651
15209 Garnet Trl, Bradenton, Florida

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15209 Garnet Trl
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