11820 E State Road 64 - Retail FOR SALE


Bradenton, FL 34212- Lakewood Ranch
$1,535,714 USD
201-777-5002
11820 E State Road 64, Bradenton, FL for Sale
$1,535,714 USD
Retail - FOR SALE
1/7
null | 4.2% Cap Rate

11820 E State Road 64
Bradenton, FL 34212
Lakewood Ranch


HIGHLIGHTS

  • Long Term Ground Lease
  • Attractive Rent Increases
  • Investment Grade Credit
  • Zero Management Responsibilities
  • Strategic Retail Location
  • Recession Resistant Tenants

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the AutoZone ground lease investment property located at 11820 SR 64 E in Bradenton, Florida (the “Property”). The newer construction Property consists of a 7,381 square foot building on a 1.14-acre parcel of land. AutoZone constructed the building in 2024 and has 13 years remaining on their Absolute NNN ground lease followed by four (4), 5-year renewal options. The lease features 10% rent increases every five years throughout the primary term and at the start of each option period. AutoZone is part of a six Property development located adjacent to the signalized intersection of 117th Street E and SR 64 E, the area’s primary commercial and commuter corridor. AutoZone enjoys excellent signage, visibility, and access and is adjacent to Circle K (gas station and convenience store), Popeyes, Christian Brothers Automotive, ABC Fine Wine & Spirits, and a pad site to be developed. The Property is seconds from White Eagle Plaza and Lakewood Ranch Plaza, both Publix anchored shopping centers, and is convenient to national and local retailers and area businesses that drive traffic to the area. AutoZone is 3.2 miles from Interstate 75 and 4 miles from SR 70 and is close to area schools, and countless apartment communities, and residential neighborhoods, all of which provide a captive customer base. Bradenton is a vibrant Gulf Coast city located along the Manatee River, just south of Tampa Bay and across the bridge from Anna Maria Island. The city benefits from its proximity to Sarasota, St. Petersburg, and Tampa, making it part of a larger regional economy while still maintaining a distinct, community-oriented character.

FOR SALE DETAILS

PRICE

$1,535,714 USD

PRICE/SF

$452 USD /SF

CAP RATE

4.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AutoZone

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

PD-MU

APN/PARCEL ID

5800-7520-9

ASK ABOUT THIS PROPERTY

Rob DiFrancoHorvath & TremblayMore Info
201-777-5002

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Rob DiFrancoHorvath & TremblayMore Info
201-777-5002

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.