RIPCO Real Estate is pleased to offer for sale 605 67th Street Circle East, a ±500 SF commercial property leased to Avis Budget Car Rental, currently under construction,
located just off Manatee Avenue East and Interstate 75 in Bradenton, FL. Avis Budget Car Rental recently signed a new 7-year absolute NNN lease with two (2) 5-year
options to extend, highlighting their dedication to this location. The lease contains +3% rental increases every year, providing the Landlord with management-free
income and a built-in hedge against inflation. This intersection of Manatee Avenue East and Interstate 75, where the property is located has a combined AADT of over
190,000. Within 3 miles of the Avis Budget Car Rental, there is a population of 32,939 and an average household income of $124,249.
The asset would be an attractive opportunity for investors looking for management-free income, a newly constructed building, and with a newly signed lease by a strong
national tenant.