ORLANDO—A triple-net leased Starbucks in Bradenton, FL has changed hands. Charlotte-based Bayrock Investment Company acquired the net leased asset for $1.917 million from HB Retail SR64, LLC.
CBRE represented the seller in the transaction. Starbucks is the sole occupant of the 1,816-square-foot building that was a build-to-suit. The net leased property is part of the company's plan to leverage ongoing growth in the Sarasota/Bradenton market.
“Our client is a seasoned retail developer in the southeast market,” says CBRE senior vice president Mark Drazek. “Their goals were simple and specific—achieve the highest pricing in the market with the quickest execution and no false starts. It was a tremendous success story.”
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