February 4, 2021
Marcus & & Millichap has actually set up the $1.4 million sale of a 3,404-square-foot net-leased retail residential property in Bradenton occupied by BB&T financial institution.
Found at 5312 Cortez Roadway West in Bradenton, BB&T Financial institution has 3 as well as a fifty percent years remaining on their triple-net lease with two, five-year choice periods. There are 10 percent lease enhances at the start of each alternative duration. The lease is guaranteed by Branch Banking and Depend On Firm, which has over 1,700 branch locations in 15 states. The property is located directly nearby from Walmart at a signalized junction on Cortez Road. In addition to Walmart, there are lots of national retails in the instant location consisting of Publix, ALDI, CVS, Big Lots, Walgreens, CVS, Pastime Lobby as well as Bealls.
James Garner, James Medefind as well as Jim Shiebler of Marcus & & Millichap’s Tampa florida office represented the seller, an exclusive investor, in the deal. The purchaser was likewise an exclusive capitalist.
For remarks, questions or problems, please call David Cohen