FedEx | Net-Leased Investment - Tampa MSA, Florida

4401 14th Street W, Bradenton, FL

$1,800,000

Price

6.6%

Cap Rate

2,970 sqft

Building Size

Overview
Cap Rate
6.6%
Building Size
2,970 sqft
Lot Area
0.41 acres
Lease Type
Double Net
Year Last Renovated
2003
Description

Cushman & Wakefield's Retail Investment Advisors are pleased to offer for sale a 2,970 +/- square foot freestanding, retail building located at 4401 14th Street W., Bradenton (Tampa Bay MSA), FL 34207. The offering features a double net (NN) lease to Kinko's, Inc. d/b/a FedEx Office, with a current annual base rent of $118,800.

Highlights
  • Double Net (NN) leased asset at a highly-visible location on U.S. Highway 41 (45,000 VPD)
  • Prominent out-parcel to 274,398-SF Cortez Plaza, anchored by LA Fitness, Burlington and PetSmart
  • FedEx Corporation (NYSE: FDX), is the world's largest commercial shipping provider, generating $69.6 billion in through fiscal year 2019
  • FedEx Corporation holds investment grade ratings by both S&P (BBB) and Moody's (Baa1), with stable outlooks
Documents
Title
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Location
Gallery