Bank

BB&T

5312 Cortez Road West, Bradenton, FL 34210

Listing Price: $1,483,900

Cap Rate
7.75%
Tenant Name
Branch Banking and Trust Company
Years Remaining On Lease
2.60
Gross SF
3,404
Guarantor
Corporate Guarantee
Rentable SF
3,404
Price/Gross SF
$435.93
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.78

Investment Overview

Marcus & Millichap is pleased to offer for sale this BB&T Bank located in Bradenton, Florida. BB&T Bank has three and one-half years remaining on their triple-net lease with two, five-year option periods. There are 10 percent rent increases at the start of each option period. The lease is guaranteed by Branch Banking and Trust Company, which has over 1,700 branch locations in 15 states.

BB&T is positioned directly across the street from Walmart at a signalized intersection on Cortez Road. Cortez Road is a major East-West thoroughfare that exposes this location to over 30,000 vehicles per day. In addition to Walmart, there are dozens of national retails in the immediate area including Publix, ALDI, CVS, Big Lots, Walgreens, CVS, Hobby Lobby and Bealls. The subject property is also located between two of the areas well-known golf courses Pinebrook Ironwood Golf Course and Manatee County Golf Course. The population and average household income within a one-mile radius of the subject property are approximately 14,000 and $63,980, respectively, which are ideal trade area demographics for BB&T.

Bradenton is an attractive city just south of Tampa Bay and is a principal city of the Bradenton-Sarasota-Venice metropolitan statistical area. The city is home to many employment centers, including the headquarters of Champs Sports and Bealls Department Stores. Tropicana Products was founded in Bradenton, and still has operations in the area.

Investment Highlights

  • 3,404-Square Foot BB&T Bank
  • 3.5 Years Remaining on NNN Lease - No Landlord Responsibilities
  • Located Across from Walmart at a Signalized Intersection
  • High Traffic Counts on Cortez Road - 30,000 Vehicles Per Day
  • Modern Style Construction with Three Drive-Thru Lanes

Exclusively Listed By

Listing Price: $1,483,900

Cap Rate
7.75%
Tenant Name
Branch Banking and Trust Company
Years Remaining On Lease
2.60
Gross SF
3,404
Guarantor
Corporate Guarantee
Rentable SF
3,404
Price/Gross SF
$435.93
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.78

Investment Highlights

  • 3,404-Square Foot BB&T Bank
  • 3.5 Years Remaining on NNN Lease - No Landlord Responsibilities
  • Located Across from Walmart at a Signalized Intersection
  • High Traffic Counts on Cortez Road - 30,000 Vehicles Per Day
  • Modern Style Construction with Three Drive-Thru Lanes

Investment Overview

Marcus & Millichap is pleased to offer for sale this BB&T Bank located in Bradenton, Florida. BB&T Bank has three and one-half years remaining on their triple-net lease with two, five-year option periods. There are 10 percent rent increases at the start of each option period. The lease is guaranteed by Branch Banking and Trust Company, which has over 1,700 branch locations in 15 states.

BB&T is positioned directly across the street from Walmart at a signalized intersection on Cortez Road. Cortez Road is a major East-West thoroughfare that exposes this location to over 30,000 vehicles per day. In addition to Walmart, there are dozens of national retails in the immediate area including Publix, ALDI, CVS, Big Lots, Walgreens, CVS, Hobby Lobby and Bealls. The subject property is also located between two of the areas well-known golf courses Pinebrook Ironwood Golf Course and Manatee County Golf Course. The population and average household income within a one-mile radius of the subject property are approximately 14,000 and $63,980, respectively, which are ideal trade area demographics for BB&T.

Bradenton is an attractive city just south of Tampa Bay and is a principal city of the Bradenton-Sarasota-Venice metropolitan statistical area. The city is home to many employment centers, including the headquarters of Champs Sports and Bealls Department Stores. Tropicana Products was founded in Bradenton, and still has operations in the area.

Exclusively Listed By

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