6003 14th W St Bradenton, FL 34207-4105

Property Details for 6003 14th W St

Year built

2005

Lot size

1.46 lot acres

Property size

14,476 SF

Zone code

GC

Property type

Drug stores

APN

60283.0100-9

APU

6028301009

Description

This exceptional investment opportunity presents a fee-simple Walgreens located at 6003 14th St W, Bradenton, FL 34207, in Manatee County. The property boasts 14,490 square feet on a 1.47-acre lot, built in 2005. It's currently operating under a triple-net (NNN) lease with a corporate guarantee, eliminating landlord responsibilities. The lease commenced July 21, 2020, and expires July 31, 2033, leaving approximately 8.7 years remaining. The current annual net operating income (NOI) is $364,000, representing a 6.00% cap rate with an asking price of $6,066,666 ($418.68 per square foot). The lease includes a unique provision for rent increases of 5% every five years, with the next increase scheduled in two years, projected to boost the cap rate by 30 basis points. The property benefits from its high-traffic location at the intersection of 14th Street West and 53rd Avenue West, experiencing significant daily vehicle counts. The surrounding area demonstrates strong demographics, with over 91,160 people within a three-mile radius and over 429,130 within ten miles. This presents a secure, high-return investment with a strong, nationally recognized tenant and built-in growth potential. 100% occupancy ensures immediate cash flow.

Location Insight

City

Bradenton

County

Manatee

State

Florida

Longitude

-82.5749

Latitude

27.4345

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments