3390 1st W St, Bradenton, FL 34208-4057
- Drive through restaurants
- 1,742 SF
- 0.62 lot acres
Current Use by Public Records
- Popeyes Louisiana Kitchen / Restaurant
Property Details for 3390 1st W St
- Year built
- 1984
- Lot size
- 0.62 lot acres
- Zone code
- GC
- Property type
- Drive through restaurants
- APN
- 48397.0000-4
- APU
- 4839700004
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 1, 2025 | $2,495,400 | Jdsi LLC | 3390 1st LLC | Special Warranty Deed | — |
| Jun 6, 2024 | $2,300,000 | 3390 1st LLC | Store Master Funding I LLC | Special Warranty Deed | $250k · Cerco Bridge Loans 6 LLC |
| Oct 21, 2011 | $1,080,000 | Store Master Funding I LLC | Katielle LLC | Special Warranty Deed | — |
| Dec 31, 2008 | $943,000 | Katielle LLC | Tt & D Foods INC | Warranty Deed | — |
| Oct 11, 2006 | $1,931,300 | Tt & D Foods INC | Sailormen INC | Warranty Deed | $1.9M · Citrus Bank |
| Jul 28, 2000 | $950,000 | Sailormen INC | Paster,saul | Grant Deed | $650k · Ffca Funding Corp |
Description
This exceptional investment opportunity presents a 1,785 square foot Popeyes restaurant located at 3390 1st St, Bradenton, FL 34208, in Manatee County. The property sits on a 0.62-acre lot and boasts a brand new 20-year absolute NNN lease commencing May 31, 2024, and expiring May 30, 2044, with a remaining term of 19.5 years. The lease includes four 5-year renewal options, each with a 10% rent increase. The current annual net operating income (NOI) is $140,047, resulting in a 5.00% cap rate. The asking price is $2,800,940, translating to a price per square foot of $1,569.15. Built in 1984 and completely renovated in 2022, this single-tenant property benefits from a franchisee tenant with a proven operational history of over 30 years. The lease guarantees zero landlord responsibilities. The property is situated in a high-traffic retail corridor with over 37,500 vehicles daily, surrounded by other retailers, apartments, and schools. The location is within a densely populated area, serving a 5-mile radius with over 207,900 residents. The tenant, guaranteed by Sailormen Inc., operates approximately 150+ units and is headquartered in Miami. This investment offers significant long-term value and stability due to the strong tenant, favorable lease terms, and prime location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,300,000
- ML approach
- $2,300,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,476,000
Market price range: $862k - $1.83M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bradenton
- County
- Manatee
- State
- Florida
- Longitude
- -82.5635
- Latitude
- 27.47
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
