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8425-8475 Heritage Green Way 55,016 SF 100% Leased Retail Building Bradenton, FL 34211 For Sale
INVESTMENT HIGHLIGHTS
- Built in 2018, this fully occupied retail center is impeccably maintained.
- All tenants operate under NNN leases paying for Cam, Taxes and Insurance while maintaining their premises.
- Strong Tenant mix featuring Medical, Dental and Veterinary Services.
EXECUTIVE SUMMARY
Ian Black Real Estate is pleased to exclusively offer for sale a prominent commercial retail plaza in Lakewood Ranch Florida. The asset includes a 35,200 SF free standing Crunch Fitness. Crunch originally occupied 21,200 SF, but after overwhelming demand, added another 14,000 SF. Also included is a 19,816 SF retail center occupied by nine (9) Tenants. The average rent for the retail center is $28.30 PSF, well below the surrounding market. The Crunch building was completed in October of 2018, the retail center in November of 2019. The property sits at the entrance to Heritage Harbor, a 2,500 acre master planned community with 45 holes of championship golf. Its easily accessible from SR 64 (62,000 VPD) and I-75 (131,000 VPD). Adjacent to the property are the Landing and the Market place, totaling over 400,000 SF of retail including Target, Costco, Hobby Lobby, Academy Sports, Whole Foods and Aldi. This is an excellent opportunity to acquire a newer retail plaza, well positioned at below market rents.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
55,016 SF
Building Class
B
Year Built
2018
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Lot Size
24.37 AC
Zoning
PDMU - Commercial
Frontage
174’ on Heritage Green Way
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14423-0530-9 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,521,163 |
PROPERTY TAXES
Parcel Number
14423-0530-9
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,521,163
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8425-8475 Heritage Green Way
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