Key Features:
Land: 22,655 square feet of well-positioned industrial land, providing ample room for expansion or future development.
Building: 3,693 square feet of functional building space, suitable for a variety of light industrial uses.
Lease: Secure NNN lease, meaning the tenant is responsible for all property taxes, insurance, and common area maintenance costs. This minimizes risk and simplifies ownership for the investor.
Cap Rate: Attractive average cap rate of 6.14%, indicating a strong potential for consistent income generation.
Additional Details:
Location: Situated in a desirable industrial area of Palmetto, with convenient access to major transportation arteries and a strong local labor pool.
Growth Potential: The spacious land area provides the potential for future expansion or redevelopment, enhancing the property's value. The 1.76 ac+/- parcel directly to the North is also available for purchase as outdoor storage.
Strong Market: Manatee County is one of the fastest growing markets in the country, creating a favorable environment for this investment.