4312 Manatee AveBradenton, FL 34209

Property Details for 4312 Manatee Ave

Year built

1987

Construction

TYPE NOT SPECIFIED

Lot size

1.25 AC

Property size (Sq ft)

4,288 SF

Zone code

GC,PR-M

Property type

Retail properties

Property subtype

Banks

APN

36148.0005-4

APU

3614800054

Description

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.

Location Insight

City

Bradenton

County

Manatee

State

Florida

Latitude

27.4962

Longitude

-82.6043

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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