Bank of America 

6160 14th Street West | Bradenton, FL 34207

Contact Brokers

Reid Thedford
Investment Advisor
Reid.Thedford@MarcusMillichap.com
(O) 813-387-4726
FL #SL3442474

James Garner
Senior Investment Advisor
James.Garner@MarcusMillichap.com
(O) 813.387.4796
FL #SL327365

Highlights

  • Strong Operating History - Branch Opened in 2000

  • Extremely High Deposits - $189,686,000 in 2019

  • Bank of America has Approximately 4.5 Years Remaining with Sixteen, Five-Year Options

  • Outparcel to Bayshore Gardens Shopping Center Anchored by Target & Publix

  • High Traffic Count on 14th St. W. - 50,000 Vehicles Per Day

  • Value-Add Opportunity

Description

Marcus & Millichap is pleased to offer for sale this Bank of America, a 15,970 square-foot bank and office space located in Bradenton, Florida. The subject property equals 15,970 square feet and is 58.2 percent occupied by Bank of America. Bank of America has four and one-half years remaining on their triple-net lease with sixteen, five-year option periods. The lease is guaranteed by Bank of America, which has over 4,600 branch locations. Bank of America has occupied the subject property since the early 2000’s and has consistently yielded high deposits ($189,686,000 in 2019).

The remaining 41.8 percent or 6,676 SF of the building is vacant office space on the second floor. This gives an investor the ability to fill the vacant office space with a national or local tenant and immediately generate enormous returns.

Location

The Subject Property is positioned within Bayshore Gardens Shopping Center at the signalized intersection of 14th Street West and Bayshore Gardens Parkway. Bayshore Gardens Shopping Center has several national retailers including Publix, Target, T.J. Maxx, GNC, H&R Block, Taco Bell, Sonic, and Amscot. In addition, there are dozens of national retailers in the immediate area including CVS, Walgreens, Wells Fargo, Perkins, Tire Kingdom, O’Reilly Auto Parts, ALDI, AutoZone, Burger King, Dunkin’, Red Lobster and more. 14th Street West is a major North-South thoroughfare that exposes this location to over 50,000 vehicles per day.

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