5783 Manatee Ave W - Freestanding FOR SALE


Bradenton, FL 34209
$1,873,000 USD
502-442-7074
5783 Manatee Ave W, Bradenton, FL for Sale
$1,873,000 USD
Freestanding - FOR SALE
1/9
null | 7.5% Cap Rate

5783 Manatee Ave W
Bradenton, FL 34209


HIGHLIGHTS

  • 100% Occupied | Income Tax Free State | Drive-Thru Equipped | Starbucks Ranks in the top 85th Percentile (Placer.Ai)
  • Beachway Plaza (233,000 SF Community Center) | Dense Retail Corridor | Strong National/Credit Tenants
  • Signalized, Hard Corner Intersection | Centralized Location |HCA Florida Blake Hospital (383 Beds) | I-41 (20,000 VPD)
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes Direct Residential Consumer Base

OVERVIEW

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the leasehold interest (building ownership) in Palma Sola Square Retail Center located in Bradenton, Florida. Located in an income tax free state, the center consists of a diverse, ecommerce resistant tenant lineup comprised of retail and service tenants, creating a stabilized income stream for a future investor. Starbucks occupies a prime end-cap position, featuring a drive-thru, and ranks in the top 85th percentile of all locations nationwide, according to Placer.ai. Furthermore, Starbucks did not exercise its early termination right in February 2024, underscoring its long-term commitment to this location and highlighting the strength of the real estate and surrounding trade area.

FOR SALE DETAILS

PRICE

$1,873,000 USD

PRICE/SF

$277 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Palma Sola Square Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

GC

APN/PARCEL ID

38016-1055-9

ASK ABOUT THIS PROPERTY

Morgan ZantSRS National Net LeaseMore Info
502-442-7074

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Morgan ZantSRS National Net LeaseMore Info
502-442-7074

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