Marcus & Millichap has successfully sold the subject single-tenant net-leased Taco Bell located at 6004 14th Street West in Bradenton, Florida. The property made up of a 2,126 square foot building and is situated on approximately 0.71 acres of land.
This Taco Bell property has approximately 14.25 years remaining on an original 20-year triple-net (NNN) lease, which commenced on July 2nd, 2013. The current annual rent is $155,358, as of the July 2019 rental increase, and is subject to 1.75 percent annual rental increases. The initial lease term expires on July 2nd, 2033, and is then subject to two, ten-year tenant renewal options.