3390 1st W St Bradenton, FL 34208-4057
Property Lookup
Property profile & analytics
3390 1st W St Bradenton, FL 34208-4057
- Drive through restaurants
- 1,742 SF
- 0.62 lot acres
Property ID
US19-0639413
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
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
- Property size
- 1,742 SF
- Zone code
- GC
- Property type
- Drive through restaurants
- APN
- 48397.0000-4
- APU
- 4839700004
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
based on Realmo’s proprietary methodology
-
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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,576
$332,584
$192,289
$524,873
-
$332,584
$192,289
$524,873
