6440 Fl-64 Bradenton, FL 34208
- Retail properties
- 2,960 SF
- 0.82 lot acres
Current Use by Public Records
- Retail properties
Property Details for 6440 Fl-64
- Year built
- 2004
- Lot size
- 0.82 lot acres
- Property size
- 2,960 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bradenton
- County
- Manatee
- State
- Florida
- Longitude
- -82.4796
- Latitude
- 27.4915
