Action Gator Tire Bradenton,Florida

$4,685,715
Under Contract
Property type:Single-Tenant Net Lease

The space

  • Price: $4,685,715
  • Cap Rate: 5.25%
  • Rentable Square Feet: 8,820
  • Annual Rent: $246,000
  • Price PSF: $531.26
  • Year Built: 2021
  • Lease Guarantor: Christensen Enterprises, Inc.
  • Lease Type: NNN
  • Lease Term: 20 Years
  • Rent Increases: 5% Every 5 Years
  • Lease Expiration: 12/14/2041 est.

Description

15209 Garnet Trail
Bradenton, FL 34211

Investment Highlights

  • Brand New, 20-Year, NNN Corporate Lease With Two, Five-Year Tenant Renewal Options
  • New Construction; Target Opening in December 2021
  • Part of the Lakewood Ranch Community, the Second Fastest Growing Master Planned Residential Community in the US
  • Located Off State Road 70 With More Than 30,500 Vehicles Per Day
  • Average Household Income Within One Mile is $118,241, With $121,286 in Three Miles and $115,699 in Five Miles

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a new Action Gator Tire in Bradenton, FL. This is a new, 20-year, triple net corporate lease with two, five-year tenant renewal options. This is a brand-new location, currently under construction with a target opening in December 2021.

Located off State Road 70 with more than 30,500 vehicles per day, the growing area has excellent demographics. The average household income within one mile of the property is $118,241, with $121,286 in three miles and $115,699 in five miles. The Subject Property is only four miles from Interstate 75, a major roadway connecting the area north to Tampa and west to Fort Lauderdale and has a daily traffic count of approx. 131,500 vehicles.

This Action Gator Tire is also within walking distance to Premier Sports Campus, a large complex with 23 FIFA-regulation fields, and hosts a number of field sports on local, state, regional and national levels – which attracts people to the area. The immediate area is also home to a newly constructed Publix-anchored center, also within walking distance.

This location falls in the Lakewood Ranch community, the second fastest growing master planned residential community in the United States which features vibrant town centers, A-rated schools, the Lakewood Ranch Medical Center, Lakewood Ranch Golf & Country Club and Sarasota Polo Club. Lakewood Ranch is home to over 30,000 residents and has brought more than 14,000 jobs to the area. Between 2019 and 2024, the area’s population has projected growth of nearly 30 percent within a three-mile radius of the Subject Property.

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