December 19, 2024 – Zach Smith and Stavros Filippidis of Horvath & Tremblay have successfully completed the sale of a Christian Brothers Automotive in Bradenton, Florida. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $3,800,000.
Christian Brothers Automotive is located at 11930 SR 64 E in Bradenton, Florida. Christian Brothers Automotive occupies a 4,896 square foot building positioned on a 1-acre parcel of land. Christian Brothers Automotive executed a new 15-year Triple Net (NNN) Lease with five (5), 5-year renewal options. The lease calls for attractive 1.5% annual increases in rent beginning with year 6 of the lease and continuing throughout the primary term and the renewal options. The Property is positioned along SR 64 E, the area’s primary commercial and commuter corridor with traffic counts in excess of 30,000 vehicles per day. The Property enjoys outstanding visibility and frontage, is positioned in between two Publix anchored shopping centers, and is convenient to national retailers and restaurants that drive traffic to the area. Additionally, the Property is surrounded by densely populated residential communities that provide a built-in customer base. The Property is convenient to Interstate 75 and is approximately 40-miles south of Tampa.
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.