For Sale
$2,764,000

4312 Manatee AveBradenton, FL 34209

High-traffic, NNN leased bank; strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 4,288 square foot, single-tenant, absolute NNN leased Truist Bank located at 4312 Manatee Ave W, Bradenton, FL 34209. The property sits on a 1.16-acre lot and boasts a prime, signalized hard corner location on Manatee Ave West and 43rd Street West, experiencing high traffic volume of 52,300 vehicles per day. The building, constructed in 1987, benefits from a 20-year lease with a corporate guarantee, currently offering a remaining lease term of approximately 2.7 years. The lease includes attractive 2% annual rent increases during option periods, with a fourth renewal option having been exercised in 2022. One additional 5-year lease option remains. The property's strong financial performance is reflected in its current Net Operating Income (NOI) of $156,143, resulting in a 5.65% cap rate and a price per square foot of $644.59. The asking price is $2,764,000. This strategically located bank is adjacent to the Bradenton Country Club and serves a dense residential area with over 165,085 residents within a five-mile radius, ensuring consistent occupancy and strong future potential. This is a rare opportunity to acquire a stable, high-performing net lease investment with a strong tenant and significant upside. The property is 100% occupied.

Highlights

  • Absolute Net Lease with approximately 2.7 years remaining; fourth renewal option exercised in 2022.
  • 2% annual rent increases during option periods.
  • High-traffic, signalized hard corner location at Manatee Ave W & 43rd St W (52,300 vehicles per day).
  • Excellent location near Bradenton Country Club in a densely populated area (165,085+ residents within a 5-mile radius).
  • Corporate guaranteed lease with Truist Bank.

Property Details for 4312 Manatee Ave

Property type
Retail properties, Banks
Square Feet
4,288 SF
Year Built
1987
Lot Size (sq. ft)
50,530 SF
Units
1

Location Insight

City
Bradenton
County
Manatee
State
Florida
Latitude
27.49597356
Longitude
-82.60422752
4312 Manatee Ave, Bradenton, Florida

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4312 Manatee Ave
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