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Palma Sola Square Retail Center 5783 Manatee Ave W 6,752 SF 100% Leased Retail Building Bradenton, FL 34209 $2,155,584 CAD ($319.25 CAD/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied | Income Tax Free State | Drive-Thru Equipped | Starbucks Ranks in the top 85th Percentile (Placer.Ai)
- Signalized, Hard Corner Intersection | Centralized Location |HCA Florida Blake Hospital (383 Beds) | I-41 (20,000 VPD)
- Beachway Plaza (233,000 SF Community Center) | Dense Retail Corridor | Strong National/Credit Tenants
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes Direct Residential Consumer Base
EXECUTIVE SUMMARY
SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the leasehold interest (building ownership) in Palma Sola Square Retail Center located in Bradenton, Florida. Located in an income tax free state, the center consists of a diverse, ecommerce resistant tenant lineup comprised of retail and service tenants, creating a stabilized income stream for a future investor. Starbucks occupies a prime end-cap position, featuring a drive-thru, and ranks in the top 85th percentile
of all locations nationwide, according to Placer.ai. Furthermore, Starbucks did not exercise its early termination right in February 2024, underscoring its long-term commitment to this location and highlighting the strength of the real estate and surrounding trade area.
of all locations nationwide, according to Placer.ai. Furthermore, Starbucks did not exercise its early termination right in February 2024, underscoring its long-term commitment to this location and highlighting the strength of the real estate and surrounding trade area.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Building Size
6,752 SF
Building Class
B
Year Built
2008
Price
$2,155,584 CAD
Price Per SF
$319.25 CAD
Cap Rate
7.25%
NOI
$156,280 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.87 AC
Zoning
GC - General Commercial
Parking
52 Spaces (7.7 Spaces per 1,000 SF Leased)
Frontage
127’ on Manatee Ave
AMENITIES
- Restaurant
- Signage
- Drive Thru
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 38016-1055-9 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,413,854 CAD |
PROPERTY TAXES
Parcel Number
38016-1055-9
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,413,854 CAD
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Palma Sola Square Retail Center | 5783 Manatee Ave W
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