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15209 Garnet Trl Bradenton, FL 34211

Sponsored
For Sale
$4,920,000

High-Yield NNN Auto Shop Investment

Property size:
8,820 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a newly constructed (2022), 8,820-square-foot Mavis Tires & Brakes retail property located at 15209 Garnet Trl, Bradenton, FL 34211. The property sits on a 1.38-acre lot and boasts a strong 5.00% cap rate with a substantial net operating income (NOI) of $246,000. The current lease, a triple-net (NNN) agreement with Mavis Discount Tires, has 18.1 years remaining, extending to December 31, 2042, with two 5-year renewal options. Rent increases of 5% are built into the lease every five years, providing consistent growth potential. This prime location within the Lakewood Ranch community benefits from high traffic counts (over 34,500 cars daily on State Road 70), proximity to a Publix-anchored center, major roadways (Interstate-75), and the Sarasota-Bradenton International Airport. The surrounding area exhibits robust economic and population growth, projected at 20-30% within the next five years, with an average household income exceeding $137,000 within a 3-mile radius. The Sarasota-Bradenton MSA attracts four million visitors annually, further enhancing the property's investment appeal. This is a corporate-guaranteed investment with a long-term lease and built-in rent escalations, making it an ideal addition to any portfolio. The asking price is $4,920,000, translating to $557.82 per square foot. The property is 100% occupied.

Property Features for 15209 Garnet Trl

General Information

Property type
Automotive properties
Square Feet
8,820 SF
Lot Size
60,113 SF

Building Details

Year Built
2022

HighLights

  • Corporate‑guaranteed, newly constructed building.
  • NNN lease with approximately 19+ years remaining.
  • 5% rental increases every five years.
  • High‑traffic location off State Road 70 (34,500+ cars daily).
  • Strong projected population and economic growth (20‑30% in five years).
  • Dense population: 333,000+ residents within a 10‑mile radius.
Property Profile Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Realty agency Hair Salon Clothing Store Department Store Kitchen & Bath Bar & Pub Gym & Fitness Cafe & Coffee Shop Travel Agency Cosmetics Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Bradenton
County
Manatee
State
Florida
Longitude
-82.3872651
Latitude
27.432842

FAQs

What type of property is this?
Automotive property - High-Yield NNN Auto Shop Investment
Where is this automotive property located?
The property is located at 15209 Garnet Trl Bradenton, FL.
What is the asking price?
The asking price for this property is $4,920,000.
What are key features of this property?
This property features: Corporate-guaranteed, newly constructed building.; NNN lease with approximately 19+ years remaining.; 5% rental increases every five years.
More about this property
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