Peach's Plaza | 3201-3213 Manatee Ave W
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Peach's Plaza 3201-3213 Manatee Ave W
7,142 SF 100% Leased Retail Building Bradenton, FL 34205 $3,479,921 CAD ($487 CAD/SF) 6.35% Cap Rate
Investment Highlights
- Well-located in SW Florida, just west of Downtown Bradenton Part of the rapidly growing North Port Sarasota-Bradenton MSA, just south of Tampa
- Advantageous, e-commerce resistant retail blend Highlighted by various service providers and popular community restaurants
- Strategically situated with excellent frontage along Manatee Ave (FL-64) – a major east-west traffic corridor in Bradenton Which accesses 42,000 VPD
- Dense, extremely high growth trade area demographics Highlighted by a population of 180,889 within 5 miles of the Property
- Recently Renovated and Updated in 2015 Including new roof, center re-painted, parking lot re-sealed, and new LED canopy lighting
- Potential upside opportunity to tighten up overall management And convert several existing gross leases to NNN structure
Executive Summary
KYLE MATTHEWS
BROKER OF RECORD
LIC.# CQ1066435 (FL)
BROKER OF RECORD
LIC.# CQ1066435 (FL)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,142 SF
Building Class
C
Year Built/Renovated
1963/1980
Price
$3,479,921 CAD
Price Per SF
$487 CAD
Cap Rate
6.35%
NOI
$221,145 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.46 AC
Zoning
BR_UCC - Retail
Parking
27 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
211 ft on Manatee Ave
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 35211-0000-2 | Improvements Assessment | $851,387 CAD |
Land Assessment | $425,185 CAD | Total Assessment | $1,276,573 CAD |
PROPERTY TAXES
Parcel Number
35211-0000-2
Land Assessment
$425,185 CAD
Improvements Assessment
$851,387 CAD
Total Assessment
$1,276,573 CAD
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Peach's Plaza | 3201-3213 Manatee Ave W
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