5420 Manatee Ave W

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5420 Manatee Ave W

Bradenton, FL 34209
Asking Price
$2.83M
Cap Rate
5.25%
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

Wendy's in Bradenton, FL <ul><li>​<span style="color: rgba(0, 30, 69, 1)">13.5 Year NNN Lease with 10% rent bumps every 5 Years</span></li><li>​<span style="color: rgba(0, 30, 69, 1)">75 Unit Guaranty and a Personal Guaranty from a High Net Worth Individual</span></li><li>​<span style="color: rgba(0, 30, 69, 1)">Dense Retail Corridor surrounded by Publix, Target, Starbucks and Walgreens</span></li><li>​<span style="color: rgba(0, 30, 69, 1)">Proven Operator</span></li></ul>

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NOI
$80,000
Cap Rate
2.83%
DSCR
0.48
Underwater
Cash-on-Cash
-10.36%
Monthly Payment
$13,994.226
Annual Cash Flow
$-87,930.712

Location & Travel Times