Skip to main content

Bank

Truist

4312 Manatee Ave W, Bradenton, FL 34209

Listing Price: $2,764,000

Cap Rate
5.65%
Tenant Name
Truist
Years Remaining On Lease
2.9
Gross SF
4,288
Guarantor
Corporate Guarantee
Rentable SF
4,288
Price/Gross SF
$644.59
Lease Type
Absolute Net
Rent Per Square Feet
$36.41

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Truist in Bradenton, FL. The property consists of a 4,288-square-foot, freestanding building that sits on approximately 1.25 acres of land. There are 2.9 years remaining on the lease with 2% rental increases every year.

Investment Highlights

  • Absolute Net Lease with 2.9 Years Remaining - Fourth Renewal Option Exercised in 2022
  • Attractive Two Percent Annual Rent Increases in the Option Periods
  • Signalized Hard Corner Location on Manatee Ave West and 43rd Street West (52,300 Vehicles per Day)
  • Next to the Bradenton Country Club in a Dense Residential Area With More Than 165,085 Residents (Five-Mile Radius)

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Listing Price: $2,764,000

Cap Rate
5.65%
Tenant Name
Truist
Years Remaining On Lease
2.9
Gross SF
4,288
Guarantor
Corporate Guarantee
Rentable SF
4,288
Price/Gross SF
$644.59
Lease Type
Absolute Net
Rent Per Square Feet
$36.41

Investment Highlights

  • Absolute Net Lease with 2.9 Years Remaining - Fourth Renewal Option Exercised in 2022
  • Attractive Two Percent Annual Rent Increases in the Option Periods
  • Signalized Hard Corner Location on Manatee Ave West and 43rd Street West (52,300 Vehicles per Day)
  • Next to the Bradenton Country Club in a Dense Residential Area With More Than 165,085 Residents (Five-Mile Radius)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Truist in Bradenton, FL. The property consists of a 4,288-square-foot, freestanding building that sits on approximately 1.25 acres of land. There are 2.9 years remaining on the lease with 2% rental increases every year.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

MM Texture Background
MM Textured Background Lower