Mission BBQ | Net-Leased Investment - Tampa MSA, Florida

4501 14th Street West, Bradenton, FL

$1,904,000

Price

6.25%

Cap Rate

3,500 sqft

Building Size

Overview
Cap Rate
6.25%
Building Size
3,500 sqft
Lot Area
0.6 acres
Lease Type
Double Net
Year Built
2017
Description

Cushman & Wakefield's Retail Investment Advisors are pleased to offer for sale a 3,500 +/- square foot freestanding, retail building located at 4501 14th Street West, Bradenton (Tampa Bay MSA), FL 34207. The offering features a double net (NN) lease to Mission BBQ Bradenton FL, LLC, with 7+ years remaining on an initial term of 10 years. The annual base rent of $119,000 increases by 10% every 5 years during the initial term and options.

Highlights
  • Double Net (NN) leased asset at a highly-visible location, with 4-way access
  • Named one of the fastest-growing restaurant chains in the United States
  • 82 restaurants located in 16 states
  • Prominent out-parcel to 274,398-SF Cortez Plaza, anchored by LA Fitness, Burlington and PetSmart
Documents
Title
OM
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Location
Gallery