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714 60th St Ct E

4,501 SF 100% Leased Retail Building Bradenton, FL 34208 $1,500,000 ($333/SF) 5.70% Cap Rate

Investment Highlights

  • 4,501 SF fully built out office/medical space
  • 7-10 year Leaseback preferred
  • Fully built out vet clinic, tough to replicate
  • Sale leaseback with strong credit tenant
  • Absolute NNN
  • Minimal management investment opportunity

Executive Summary

Sale/Leaseback Opportunity located on SR 64 in Bradenton less than a mile west of I-75. 714 60th St. Ct. E is a 4,501 SF fully built out office/medical space currently housing“ The Pet Clinic of Bradenton” - a full-service vet clinic which includes overnight pet boarding. The owner user is interested in selling the real estate and signing a long-term lease with the buyer, using the funds to expand the footprint throughout Florida. This property is in flood zone X, minimizing risk for both the investor and business. Please reach out to Hayden for more information.

Property Facts

Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
4,501 SF
Building Class
C
Year Built
1986
Price
$1,500,000
Price Per SF
$333
Cap Rate
5.70%
NOI
$85,519
Percent Leased
100%
Building Height
1 Story
Building FAR
0.24
Lot Size
0.43 AC
Zoning
GC
Parking
25 Spaces (5.55 Spaces per 1,000 SF Leased)
Frontage
154 FT on 60th St Ct E

Amenities

  • Dedicated Turn Lane
  • Pylon Sign

Nearby Major Retailers

IHOP
Starbucks
Sunbelt Rentals Inside Walmart
Waffle House
Sonny"s Real Pit Bar B-Q
Cracker Barrel Old Country Store
First Horizon Bank
Regions Bank
Publix
Chase Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11225-1012-9
Land Assessment
$124,334
Improvements Assessment
$423,873
Total Assessment
$548,207
  • Listing ID: 33790538

  • Date on Market: 11/7/2024

  • Last Updated:

  • Address: 714 60th St Ct E, Bradenton, FL 34208

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