August 5, 2022 – Matt Nadler and Jack Laurendeau of Horvath & Tremblay have successfully completed the sale of a Del Taco in Bradenton, Florida. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,590,000.
Del Taco is located at 5610 Manatee Avenue West in Bradenton, Florida. The stand-alone building consists of 2,100 square feet and sits on a 0.80-acre lot. Del Taco has a 15-Year Triple Net (NNN) Ground Lease with three (3) 5-Year renewal options. The lease calls for 10% rent increases every 5-years throughout the base term and at the start of each renewal option period. The property is extremely well located at the intersection of 57th Street W and Manatee Avenue West with outstanding visibility along one of the area’s primary retail thoroughfares. The Property is located in a dominant retail trade area and is surrounded by three grocery anchored shopping centers and numerous national retailers and restaurants driving traffic to the area.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.