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Starbucks with Drive Thru Anchored Property

$1,795,000

5783 Manatee Avenue, Bradenton, FL 34209

Active
Last Updated: 11/03/2022

8.87

Cap Rate

159,151.91

NOI

Details:
Cap Rate:    8.87%
NOI:    $159,151.91
Building Size:    6,752 sqft
Lot Area:    1.0101 acres
Occupancy:    100%
Units:    3
Year Built:    2009
Highlights:
  • High Yield Investment
  • Excellent Visibility
  • Owner User with Cash Flow
  • Minimal Landlord Responsibilities
Description:

SVN Commercial Advisory Group is pleased to represent this multiple tenanted income generating asset anchored by Starbucks and Edward Jones Corporations. Starbucks lease runs to February 28th, 2029 with a 6.5% rent increase in March 2024 then 15% for every 5 years option period thereafter. This investment provides minimal Landlord responsibilities primarily Roof, Structure and Parking Lot. Located in a major retail corridor with excellent visibility fronting Manatee Avenue, a major thoroughfare that connects you to Anna Maria Island and I-75.

This sale if for the building and improvements only subject to a ground lease that expires June 30th, 2060.

Located in front of a Winn Dixie anchored shopping center surrounded by national and local retail, office, and densely populated residential communities. Manatee Ave is one of two major thoroughfares that connect I-75 to Sarasota Bay and the tourist mecca of Anna Maria Island.

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