|Gross Leasable Area (GLA)||6,820|
|Price Per Square Foot (GLA)||$194.19|
The property is a Goodyear Tire franchise located in Bradenton, Florida. The Goodyear franchisee has signed a 15-year double net lease which commenced on June 15, 2006. There are 12 percent rent increases every five years with three, five-year options each with a 12 percent increase.
Located on State Road 64 (Manatee Avenue), the property is positioned along a major highway passing through Bradenton, Florida. Retailers located in the immediate area include Walmart Supercenter, a Publix Supermarket, McDonalds, Burger King, Wendy’s, Applebee’s and others. The current year average household income within a five-mile radius is $56,908 compared to the U.S. average of $69,346. The property receives excellent exposure with an average daily traffic count of 35,500 vehicles.
Bradenton, Florida is ideally positioned less than one hour south of Tampa and an hour and a half north of Fort Myers, Florida. It is located on the Gulf of Mexico and the area is a popular vacation destination.