718 60th Street Ct E - Auto Repair FOR SALE


Bradenton, FL 34208
$2,200,000 USD
941-727-2800
718 60th Street Ct E, Bradenton, FL for Sale
$2,200,000 USD
Auto Repair - FOR SALE
1/14
null | 6.09% Cap Rate

718 60th Street Ct E
Bradenton, FL 34208


HIGHLIGHTS

  • Long-term tenant in place with approximately nine years remaining on the initial lease.
  • Annual rent increases of 3% or CPI support income growth.
  • Less than one-half mile from Interstate 75 Exit 220.

OVERVIEW

718 60th St Ct E presents the opportunity to acquire a single-tenant net leased investment property in Bradenton, Florida. The property is occupied by Lucky Puppy, a multi-location operator, under a 10-year initial lease term with approximately nine years remaining and two additional five-year renewal options. The lease structure includes annual rent increases of 3% or CPI, providing built-in income growth potential for investors. Constructed in 2007, the freestanding Class A building features hurricane-resistant E-Wall construction along with PGT hurricane-rated windows and doors throughout. The property is designed to accommodate a variety of commercial and light industrial uses and includes three 12-foot overhead doors, 220-volt power service in the workshop area, and General Commercial (GC) zoning. The combination of durable construction, functional layout, and established tenancy contributes to the asset's long-term operational utility and investment appeal. The location offers convenient regional connectivity less than one-half mile from Interstate 75 at Exit 220 (SR 64), one of Manatee County's primary transportation corridors. This position provides efficient access throughout the Bradenton-Sarasota market as well as connections to Tampa, St. Petersburg, and Southwest Florida. The surrounding commercial and business park environment supports a wide range of service, distribution, contractor, and commercial users while benefiting from continued residential and commercial growth within the greater Bradenton area. With an asking price of $2,200,000 and reported NOI of $133,900, the property offers investors the opportunity to acquire a leased, income-producing asset with contractual rent escalations and long-term tenancy in a strategically connected location.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$341 USD /SF

CAP RATE

6.09%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

GC

APN/PARCEL ID

11225-1035-9

ASK ABOUT THIS PROPERTY

David FletcherWagner RealtyMore Info
941-727-2800

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David FletcherWagner RealtyMore Info
941-727-2800

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