Bradenton, FL - Vacant Medical Office

Description:

• The tenant, MaxHealth, has 2 years remaining on their lease and has already vacated the premises
• The lease features 2% annual rental increases during the initial term and option periods, growing NOI and hedging against inflation
• The Tenant was paying $12.87 PSF in rent for the location, and the average market rent is between $20-25 PSF
• The building is ready to move on the ground floor, and the second floor consists of around 1,500 SF of unimproved space which can be leased out for additional income
• The second floor has its own entrance from the outside of the building

• The asset is located at the hard corner intersection of Manatee Ave. E and 18th St NE with a combined 49,500 vehicles passing by daily
• The site benefits from nearby access to U.S. Hwy 41 & 301, a major retail road that averages 66,500 VPD
• The asset has excellent visibility via significant street frontage and a large monument sign
• Multiple points of ingress/egress