Walgreens
Bradenton, FL
Key Details
| Price: | $6,066,666 |
|---|---|
| Cap Rate: | 6.00% |
| Annual Rent: | $364,000 |
| Address: | 6003 14th Street West, Bradenton, Florida 34207 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 13 Years |
|---|---|
| Lease Commencement: | 7/21/2020 |
| Lease Expiration: | 7/31/2033 |
| Lease Term Remaining: | 8.7 Years |
| Rental Increases: | 5.00% Every 5 Years |
| Lot Size: | 1.47 Acres |
| Building Size: | 14,490 SF |
| Year Built: | 2005 |
NNN Pro is pleased to present the exclusive listing for a Walgreens located at 6003 14th Street West, Bradenton, Florida 34207. The site consists of roughly 14490 rentable square feet of building space on an estimated 1.47-acre parcel of land. This Walgreens is subject to a 13-year Triple Net (NNN) lease, which commenced 7/21/2020. The current annual rent is $364,000 and has scheduled increases of 5.00% Every 5 Years.
About the Investment
- Absolute Triple Net (NNN) Lease With No Landlord Responsibilities | RareRent Increases of 5% Every 5 Years|Next Increase in 2 Years Resulting in a30 Basis Point Increase in the CAP Rate
- 9 Years Remaining On Lease
- 14th Street W and Intersecting 53rd Ave W Experience 52,150 and 37,320Vehicles Daily, Respectively
Key Details
| Price: | $6,066,666 |
|---|---|
| Cap Rate: | 6.00% |
| Annual Rent: | $364,000 |
| Address: | 6003 14th Street West, Bradenton, Florida 34207 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 13 Years |
|---|---|
| Lease Commencement: | 7/21/2020 |
| Lease Expiration: | 7/31/2033 |
| Lease Term Remaining: | 8.7 Years |
| Rental Increases: | 5.00% Every 5 Years |
| Lot Size: | 1.47 Acres |
| Building Size: | 14,490 SF |
| Year Built: | 2005 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Anthony D'Ambrosia
adambrosia@nnnpro.com
License: NY: 10401294012
Josh Kanter
jkanter@nnnpro.com
License: NY: 10401294056
Broker of Record
Brian Brockman
Bang Realty-Naples, Inc
License: BK3327646
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.