Enterprise Rent-A-Car Lakewood Ranch Location

Retail-Commercial for Sale
Catylist Listing ID: 30832862
Property Subtypes: Free-Standing Building, Mixed Use, Vehicle Related, Other
Building Size (RSF): 3,238 SF
Gross Building Area: See Agent
Gross Land Area: 0.99 Acres
Sale Price: $998,000
Unit Price: $308.21 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Enterprise Rent A Car
Sale Terms: Cash to Seller
Cap Rate: 4.65%
Average Occupancy Rate: 100
Last Updated: 5/25/2023

Overview / Comments

Hands off investment property! This location services East Bradenton and Lakewood Ranch for Enterprise-A-Car. It is conveniently about a mile off I-75 in this booming area.

Lease is finishing up the initial term of 5 years on July 31 2023. Enterprise has 3 option years of 5 year terms.

Site was Surveyed and a Clean Phase I in 2018.

Financial Stability Information: https://www.enterpriseholdings.com/about/financial-information.html

Per the lease agreement Enterprise is responsible for: Property Taxes, Insurance, Interior Building Maint, HVAC, Parking lot, landscaping, signs, canopies, and tradedress.

Lessor is responsible for: Roof, Roof Drains, Gutters/Downspouts, Structural Portions of the building, electrical/water/sewer up to the building.

Complete the NDA attached to the brochure for income information.

*Enterprise does have an early termination clause in the lease

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 1730500822
Zoning: GC
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,547 38,450 116,169
Median Age: 52.9 50.9 44.8
Households: 1,562 16,659 48,083


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