Starbucks with Drive Thru Anchored Property
$1,795,000
5783 Manatee Avenue, Bradenton, FL 34209
8.87
Cap Rate
159,151.91
NOI
Details:
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.
Contact Listing Agent
Documents:
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Location
