15209 Garnet Trl, Bradenton, FL 34211
- Retail properties & Spaces
- 8,820 SF
- 1.38 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 15209 Garnet Trl
- Year built
- 2022
- Lot size
- 1.38 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Auto shops
Description
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.
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Location Insight
- Map
- Local Demand
- City
- Bradenton
- County
- Manatee
- State
- Florida
- Longitude
- -82.3873
- Latitude
- 27.4328
