714 60th St Ct E
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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
PROPERTY TAXES
Parcel Number | 11225-1012-9 | Improvements Assessment | $423,873 |
Land Assessment | $124,334 | Total Assessment | $548,207 |
PROPERTY TAXES
Parcel Number
11225-1012-9
Land Assessment
$124,334
Improvements Assessment
$423,873
Total Assessment
$548,207
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714 60th St Ct E
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