For Sale
$1,950,000

5783 Manatee AveBradenton, FL 34209

Starbucks-anchored, 100% occupied, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully leased, three-tenant retail strip center in Bradenton, Florida. Anchored by a Starbucks franchisee, the property boasts a total of 6,752 square feet situated on a 44,000 square foot lot. The building, constructed in 2009, is a single-story structure with a General Commercial (GC) zoning designation. The property operates under a Net Lease (NNN) agreement, offering a passive income stream with minimal landlord responsibilities. The current asking price is $1,950,000, translating to a price per square foot of $288.80 and a compelling 7.82% capitalization rate. The property generates a Net Operating Income (NOI) of $152,572 annually. The ground lease is in place and extends until June 30, 2060. This is a turnkey investment, offering immediate cash flow and long-term stability. The sale includes the building and improvements only. Further details are available upon execution of a Non-Disclosure Agreement.

Highlights

  • Exceptional investment opportunity: fully leased Starbucks-anchored strip center.
  • Building and improvements only included in sale.
  • Ground lease extends to June 30, 2060.
  • Non-Disclosure Agreement required for further information.

Property Details for 5783 Manatee Ave

Property type
Retail properties, Retail space
Square Feet
6,752 SF
Year Built
2009
Buildings
1
Stories
1
Units
3

Location Insight

City
Bradenton
County
Manatee
State
Florida
Latitude
27.4954729
Longitude
-82.6186714
5783 Manatee Ave, Bradenton, Florida

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5783 Manatee Ave
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