5783 Manatee Ave W
Bradenton, FL 34209
35-Yr Ground Lease | Generational Leased Fee · Land For Sale · 0.87 AC

\Faris Lee Investments is pleased to present the rare opportunity to acquire a long-term leased fee interest in a premier Starbucks-anchored, multi-tenant asset located in Bradenton, Florida—a high-growth market within the Tampa–Sarasota–North Port MSA. The leased fee interest is backed by a 35-year absolute NNN ground lease, with annual rent scheduled to increase to approximately $62,882 in July 2025. The lease also features rental escalations every five years based on the lesser of 15% or the cumulative increase in CPI, providing built-in income growth and inflation protection. The leasehold improvements comprise a 6,752-square-foot, drive-thru-equipped multi-tenant retail building anchored by a top-performing Starbucks. The leasehold currently generates $205,000 in annual rental income, placing the leased fee rent at just 30% of total collected rent. This significant rent spread highlights a compelling value gap and signals long-term upside potential as the ground lease progresses toward maturity. Strategically situated as an outparcel to a 120,000 SF shopping center anchored by a forthcoming 50,000 SF ALDI. The property sits at the intersection of Manatee Avenue West (FL-64, 45,000 VPD) and 59th Street West (17,258 VPD), with direct access and visibility from Manatee Avenue West that is the main artery through Bradenton, FL. The trade area is supported by major retailers including: Publix, Target, Planet Fitness, and Bealls. Bradenton continues to demonstrate dynamic growth, ranking 4th in U-Haul’s 2023 report of one-way moving destinations and 2nd in the U.S. for net population growth in 2021. With no state income tax, a dense trade area (148,000+ residents within five miles), and a household income exceeding $111,000 within a 1-mile radius, the area offers a compelling demographic profile. This offering represents an extraordinary opportunity to acquire a long-term leased fee asset with generational-value located in a high-growth Florida market with zero management responsibility, and significant long-term value creation.