Net Leased Investment on SR 70

Investment Overview

Excellent opportunity to acquire a single-tenant NNN retail investment prominently positioned at 4705 53rd Avenue E in Bradenton, Florida, at the northeast signalized corner of the heavily traveled State Road 70 commercial corridor. Offered at $1,250,000, the property generates approximately $74,955 in current annual base rent, representing a 6.00% cap rate. The lease features attractive 4% annual rent increases, providing an investor with contractual income growth and increasing returns throughout the remaining lease term. Current base rent increases to approximately $77,953 in 2027, $81,071 in 2028 and $84,314 in 2029, resulting in an approximate 6.75% yield on the current asking price by the final renewal year. The 2,063 SF freestanding building is situated on approximately 0.27 acres and benefits from excellent visibility along SR 70, with approximately 53,857 vehicles per day. The site provides three dedicated access points, 12+ parking spaces, prominent pylon signage and direct access to the public bus route. The property is zoned GC – General Commercial, providing desirable long-term flexibility for the real estate. The property is surrounded by established national retailers and daily-need destinations, including Walmart Neighborhood Market directly across the corridor, with Aldi, Wawa and CVS nearby. This established retail environment, combined with the property’s signalized-corner location, provides strong visibility and convenient access within one of Bradenton’s active commercial corridors. The tenant recently exercised its three-year renewal option, extending the lease through December 31, 2029. Under the NNN lease structure, the tenant is responsible for operating expenses including interior maintenance, quarterly HVAC service, landscaping and parking-lot upkeep. Real estate taxes and property insurance are reimbursed by the tenant, while the landlord’s primary responsibility is limited to the roof and structure. A new roof system has also been installed, further reducing near-term capital exposure for an incoming investor.

Investment Highlights

• Exceptional Visibility & Flow: Prominently located on the northeast signalized corner of SR-70 with 53,857 AADT
• 3 Dedicated Access Points
• 3 Separate Restrooms
• Central HVAC
• New Roof
• Situated directly across from Walmart Neighborhood Market and just down the corridor from Aldi, Wawa, and CVS.
• Pylon sign offers superior visibility