Great opportunity to complete the redevelopment of buildings and sites. Excellent tenant in place with executed 15-year NNN lease, and 3% annual escalations.
NOTE: The Cap rate for year 1 is approx 10 cap once leasing commission is paid and TI. Will then rise to a 16.4 cap after year 1.
Excellent signalized corner in Bradenton, Florida. In a great location midway between the downtown of Bradenton and Sarasota and proximity to I-75 and airport. It is located at a signalized corner with multiple points of ingress/egress with an onsite parking lot just south of Cortez Road, surrounded by many retailers.
The property site is in the newly created "SW TIF District" and is eligible for redevelopment and infill grant monies.
https://www.mymanatee.org/departments/redevelopment___economic_opportunity/
Property shares ingress/egress with a newly renovated retail plaza, which includes Hooters, Crunch Fitness, Livingston's Billiards, Fuzzy's Tacos, Pizza Hut/Wing Street, etc. New Zaxby's Chicken is coming two lots south of the property.
Highlights
15-year lease with 3% increases per year
Absolute NNN lease
Great opportunity to redevelop the site with an excellent medical tenant with an executed lease.
Signalized Corner
Surrounded by Retail
Excellent Visibility
What is the asking price for 4910 14th Street West in Bradenton?
The asking price for 4910 14th Street West is $1,900,000
What is the building size of this Office property in Bradenton, FL?
The size of the building/unit at 4910 14th Street West in Bradenton is 15,600 square feet
How much land does the Bradenton, FL property at 4910 14th Street West include?
4910 14th Street West in Bradenton includes 0.760 acres of land
What kind of Office is the property at 4910 14th Street West?
The property at 4910 14th Street West Bradenton, FL 34207 is listed as a Professional Office property
What is the population within 1 mile of 4910 14th Street West in Bradenton?
The population within 1 mile of 4910 14th Street West Bradenton, FL 34207 is 19,130 people.
Who do I contact for questions about 4910 14th Street West?
You should contact the listing agent,
Gail Bowden, for any details regarding this commercial listing.
