4312 Manatee W Ave, Bradenton, FL 34209-3949
- Banks
- 4,288 SF
- 1.25 lot acres
Current Use by Public Records
- Truist - ATM / Atm
- BB&T Mortgage / Loan Service / Bank
- Truist / Bank / Loan Service
Property Details for 4312 Manatee W Ave
- Year built
- 1987
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.25 lot acres
- Zone code
- GC,PR-M
- Property type
- Banks
- APN
- 36148.0005-4
- APU
- 3614800054
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 9, 2025 | $2,600,000 | Fx Manatee Avenue LLC | Colb Brandenton LLC | Warranty Deed | — |
| Jan 2, 2025 | — | Manatee County | Colb Brandenton LLC | Warranty Deed | — |
| May 30, 2008 | $2,603,000 | Colb-brandenton LLC | Cb Manatee Landlord LLC | Grant Deed | — |
| Jan 11, 2008 | — | Cb Manatee Landlord LLC | Cb Portfolio Landlord LLC | Warranty Deed | $1.8M · Pnc Bank |
| Dec 20, 2007 | — | Cb Manatee Landlord LLC | Owner,record | Grant Deed · related | — |
| Aug 2, 2007 | $2,358,400 | Cb Portfolio Landlord LLC | Colonial Bank NA | Warranty Deed | — |
| Jul 20, 2007 | — | Cb Portfolio Landlord LLC | Owner,record | Grant Deed · related | — |
| Nov 4, 1998 | $1,400,000 | Colonial Bank Fsb | Nationsbank | Grant Deed · related | — |
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,555,000
- ML approach
- $2,625,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,735,000
Market price range: $859k - $2.55M -
Alternative Use
- Use
- Estimation
- FINANCIAL BUILDING
- $1,650,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- 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
