6440 Fl-64Bradenton, FL 34208

Property Details for 6440 Fl-64

Year built

2004

Lot size

0.82 AC

Property size (Sq ft)

2,960 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple, single-tenant, absolute NNN leased KFC restaurant in Bradenton, Florida. The 2,960 square foot building, constructed in 2004 and renovated in 2018, sits on a 0.82-acre lot in a high-traffic area with 59,000 vehicles per day on State Road 64 and 133,000 on I-75. The property benefits from strong demographics, boasting over 134,000 residents within a 5-mile radius and an average household income exceeding $116,000 within 3 miles. The current lease, with a franchisee tenant, commenced October 2, 2018, and has a remaining term of 14 years, expiring October 31, 2038, with two 5-year options. The lease includes 5% rent bumps. The property's Net Operating Income (NOI) is $102,900, resulting in a 5.25% cap rate. The asking price is $1,960,000 ($662.16 per square foot), with a land value of $54 per square foot. The property is zoned for General Commercial use and is located near major retailers including Walmart, Home Depot, and Publix, and is less than a mile from a new Costco-anchored development. This is a rare opportunity to acquire a well-located, stable, and high-performing investment property with a long-term lease and significant upside potential.

Location Insight

City

Bradenton

County

Manatee

State

Florida

Latitude

27.4915

Longitude

-82.4796

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