Chick-fil-A | Net-Leased Investment - Tampa MSA, Florida

4573 14th Street West, Bradenton, FL

$2,612,500

Price

4%

Cap Rate

4,291 sqft

Building Size

Overview
Cap Rate
4%
Building Size
4,291 sqft
Lot Area
1.27 acres
Lease Type
Triple Net
Year Built
2013
Description

Cushman & Wakefield's Retail Investment Advisors are pleased to offer for sale a 4,291 +/- square foot freestanding, retail building located at 4573 14th Street West, Bradenton (Tampa Bay MSA), FL 34207. The offering features a ground lease (NNN) to Chick-fil-A, Inc., with 8+ years remaining on an initial term of 15 years. The annual base rent of $104,500 increases by 10% every 5 years during the initial term and options.

Highlights
  • Triple Net (NNN) ground leased asset at a highly-visible location and signalized intersection
  • Prominent out-parcel to 274,398-SF Cortez Plaza, anchored by LA Fitness, Burlington and PetSmart
  • Chick-fil-A is the largest chicken chain and third largest American fast food chain
  • Chick-fil-A has the highest average store sales in the QSR industry
  • Competitive price per square foot as it relates to rent
Documents
Title
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Location
Gallery