4312 Manatee W Ave Bradenton, FL 34209-3949

Property Details for 4312 Manatee W Ave

Year built

1987

Construction

TYPE NOT SPECIFIED

Lot size

1.25 lot acres

Property size

4,288 SF

Zone code

GC,PR-M

Property type

Banks

APN

36148.0005-4

APU

3614800054

Description

This exceptional investment opportunity presents a 4,288 square foot, single-tenant, absolute NNN leased Truist Bank located at 4312 Manatee Ave W, Bradenton, FL 34209. The property sits on a 1.16-acre lot and boasts a prime, signalized hard corner location on Manatee Ave West and 43rd Street West, experiencing high traffic volume of 52,300 vehicles per day. The building, constructed in 1987, benefits from a 20-year lease with a corporate guarantee, currently offering a remaining lease term of approximately 2.7 years. The lease includes attractive 2% annual rent increases during option periods, with a fourth renewal option having been exercised in 2022. One additional 5-year lease option remains. The property's strong financial performance is reflected in its current Net Operating Income (NOI) of $156,143, resulting in a 5.65% cap rate and a price per square foot of $644.59. The asking price is $2,764,000. This strategically located bank is adjacent to the Bradenton Country Club and serves a dense residential area with over 165,085 residents within a five-mile radius, ensuring consistent occupancy and strong future potential. This is a rare opportunity to acquire a stable, high-performing net lease investment with a strong tenant and significant upside. The property is 100% occupied.

Location Insight

City

Bradenton

County

Manatee

State

Florida

Longitude

-82.6043

Latitude

27.4962

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments