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Florida & Gulf Coast  + Central Florida  + Retail  |  February 4, 2021
David Cohen
By: David Cohen

Marcus & Millichap Brokers $1M Sale of Bradenton Retail Property

Marcus & Millichap has arranged the $1.4 million sale of a 3,404-square-foot net-leased retail property in Bradenton occupied by BB&T bank.

Located at 5312 Cortez Road West in Bradenton, BB&T Bank has three and a half years remaining on their triple-net lease with two, five-year option periods. There are 10 percent rent increases at the start of each option period. The lease is guaranteed by Branch Banking and Trust Company, which has over 1,700 branch locations in 15 states. The property is located directly across the street from Walmart at a signalized intersection on Cortez Road. In addition to Walmart, there are dozens of national retails in the immediate area including Publix, ALDI, CVS, Big Lots, Walgreens, CVS, Hobby Lobby and Bealls.

James Garner, James Medefind and Jim Shiebler of Marcus & Millichap’s Tampa office represented the seller, a private investor, in the transaction. The buyer was also a private investor.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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