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AutoZone 11820 E State Road 64 7,381 SF Retail Building Bradenton, FL 34212 $1,535,714 ($208.06/SF) 4.20% Cap Rate



Investment Highlights
- Long Term Ground Lease
- Investment Grade Credit
- Strategic Retail Location
- Attractive Rent Increases
- Zero Management Responsibilities
- Recession Resistant Tenants
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the AutoZone ground lease investment property located at 11820 SR 64 E in Bradenton, Florida (the “Property”). The newer construction Property consists of a 7,381 square foot building on a 1.14-acre parcel of land. AutoZone constructed the building in 2024 and has 13 years remaining on their Absolute NNN ground lease followed by four (4), 5-year renewal options. The lease features 10% rent increases every five years throughout the primary term and at the start of each option period. AutoZone is part of a six Property development located adjacent to the signalized intersection of 117th Street E and SR 64 E, the area’s primary commercial and commuter corridor. AutoZone enjoys excellent signage, visibility, and access and is adjacent to Circle K (gas station and convenience store), Popeyes, Christian Brothers Automotive, ABC Fine Wine & Spirits, and a pad site to be developed. The Property is seconds from White Eagle Plaza and Lakewood Ranch Plaza, both Publix anchored shopping centers, and is convenient to national and local retailers and area businesses that drive traffic to the area. AutoZone is 3.2 miles from Interstate 75 and 4 miles from SR 70 and is close to area schools, and countless apartment communities, and residential neighborhoods, all of which provide a captive customer base. Bradenton is a vibrant Gulf Coast city located along the Manatee River, just south of Tampa Bay and across the bridge from Anna Maria Island. The city benefits from its proximity to Sarasota, St. Petersburg, and Tampa, making it part of a larger regional economy while still maintaining a distinct, community-oriented character.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
7,381 SF
Building Class
B
Year Built
2024
Price
$1,535,714
Price Per SF
$208.06
Cap Rate
4.20%
NOI
$64,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.14 AC
Zoning
PD-MU
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Autozone
- -
- -
- -
- Jan 2039
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Autozone | - | - | - | Jan 2039 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 5800-7520-9 | Improvements Assessment | $790,166 |
| Land Assessment | $933,205 | Total Assessment | $1,723,371 |
Property Taxes
Parcel Number
5800-7520-9
Land Assessment
$933,205
Improvements Assessment
$790,166
Total Assessment
$1,723,371
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AutoZone | 11820 E State Road 64
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