Property profile

6440 Fl-64 Bradenton, FL 34208

OFF-MARKET
Retail properties & Spaces
2,960 SF 0.82 ac lot Built 2004
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fee-simple, single-tenant, absolute NNN leased KFC restaurant in Bradenton, Florida. The 2,960 square foot building, constructed in 2004 and renovated in 2018, sits on a 0.82-acre lot in a high-traffic area with 59,000 vehicles per day on State Road 64 and 133,000 on I-75. The property benefits from strong demographics, boasting over 134,000 residents within a 5-mile radius and an average household income exceeding $116,000 within 3 miles. The current lease, with a franchisee tenant, commenced October 2, 2018, and has a remaining term of 14 years, expiring October 31, 2038, with two 5-year options. The lease includes 5% rent bumps. The property's Net Operating Income (NOI) is $102,900, resulting in a 5.25% cap rate. The asking price is $1,960,000 ($662.16 per square foot), with a land value of $54 per square foot. The property is zoned for General Commercial use and is located near major retailers including Walmart, Home Depot, and Publix, and is less than a mile from a new Costco-anchored development. This is a rare opportunity to acquire a well-located, stable, and high-performing investment property with a long-term lease and significant upside potential.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2004
Total area 2,960 SF
Lot 0.82 ac (35,719 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6440 Fl-64 Bradenton, FL 34208
Bradenton metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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