4427 53rd E Ave Bradenton, FL 34203-5549

Property Details for 4427 53rd E Ave

Year built

1988

Lot size

1.03 lot acres

Property size

3,202 SF

Zone code

GC

Property type

Grocery and convenience stores

APN

17621.0010-3

APU

1762100103

Description

This exceptional investment opportunity presents a fee-simple ownership of a 3,202 square foot, freestanding Cookies dispensary in Bradenton, Florida (Tampa MSA). The property boasts a brand-new 10-year lease (commencing May 28, 2024 and expiring May 31, 2034) with a strong corporate guarantee and two 5-year renewal options. The lease includes attractive 2% annual rent increases, ensuring consistent NOI growth and inflation protection. The Net Net Net (NNN) lease structure minimizes landlord responsibilities, making this an ideal low-management investment. Situated on a 1.02-acre lot with 9 parking spaces, the property benefits from a prime location at a signalized, hard-corner intersection, offering excellent visibility and accessibility. This high-traffic area is enhanced by its proximity to a Walmart-anchored shopping center and numerous national retailers, including Publix, Sam's Club, and CVS. The property's strong demographics are further supported by a 5-mile trade area encompassing over 171,000 residents and 72,000 employees, with an average household income exceeding $95,127 within a 1-mile radius. Built in 1988 and renovated in 2005, the property is zoned for general commercial use. The current Net Operating Income (NOI) is $249,900, representing a 7.70% cap rate on the asking price of $3,245,000 ($1,013.43 per square foot). This is a truly exceptional opportunity to acquire a high-performing, passively managed retail investment with significant long-term growth potential.

Location Insight

City

Bradenton

County

Manatee

State

Florida

Longitude

-82.506

Latitude

27.4468

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments