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3707 US Highway 301 N 2,265 SF Retail Building Ellenton, FL 34222 $2,100,000 ($927.15/SF) 5.54% Cap Rate
Investment Highlights
- Absolute NNN Lease | Zero Landlord Responsibilities
- Located Strategically Between Tamiami Trail (US-41, 68,400 VPD) and I-75 (142,000 VPD) with Direct Frontage to 35,489 VPD on US-301
- Next 10% Rent Bump Scheduled for 7/1/2029 | Long-Term NNN Lease with 13+ Years Remaining
- Manatee County is one of Florida's Fastest-Growing Counties with Nearly 20% Population Growth Since 2020
- Operated by the Largest Popeyes Franchisee in the State of Florida (Pulse Restaurant Group) | Approximately 50 Locations and Experienced Leadership
- Approximately 10,000 New Homes Under Construction in the Surrounding Trade Area | Communities Continue to Expand Along the US-301 Corridor
Executive Summary
Paine Restaurant Group at Marcus & Millichap is pleased to present the investment opportunity located at 3707 U.S. Highway 301 N in Ellenton, Florida. Featuring an absolute triple-net leased Popeyes property ideally positioned near high volume traffic corridors, the offering provides a secure, passive investment backed by a strong tenant. As a result, this asset is an attractive acquisition option for investors seeking stable, hands-off income. The lease includes a scheduled 10 percent rent increase on July 7, 2029, with a primary term extending through July 6, 2034, offering long-term income visibility. The property is operated by the second-largest Popeyes franchisee in the United States, which currently manages over 130 locations, underscoring the tenant’s operational strength and commitment to the brand. Strategically located in Manatee County—one of Florida’s fastest-growing regions experiencing 20 percent population growth since 2020—the asset likewise benefits from strong demographic trends and increasing consumer demand. Furthermore, the US-301 trade area continues to experience retail expansion, highlighted by a new Tim Hortons planned less than half a mile from the property, along with continued national-brand development throughout the greater Ellenton/Parrish corridor This surge in surrounding development reinforces the corridor’s status as a growing retail hub, driving foot traffic and supporting long-term tenant performance. As a result, this retail asset is a highly desirable opportunity for investors prioritizing durability and upside potential.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,265 SF
Year Built
2019
Price
$2,100,000
Price Per SF
$927.15
Cap Rate
5.54%
NOI
$116,323
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.96 AC
Zoning
GC - General Comercial
Parking
25 Spaces (12.8 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Signage
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 9586-1060-9 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $938,649 |
Property Taxes
Parcel Number
9586-1060-9
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$938,649
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