Flowers Baking Company

5036 Tampa West Blvd - Tampa Florida 34203

LTV (Loan to Value)	65.00%	Current NOI	$9,174,000.00
Interest Rate	4.250%	Capital Rate	6.600%
Fixed Term	10 Years	Land Area	1.26 Acre
Amortization	25 Years	Lease Type	NN
Loan Amount	$903,500.00	Property Type	Retail
Payment	$4,894.60	Property Lease	Bakery
Bulding Size	7,067 SF	Remaining Terms	14.42 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a newly expanded industrial property located in Tampa, Florida. The property is 100% leased to Flowers Baking Co. of Bradenton, LLC. Flowers Foods is a leader in the baking industry with top brands including Nature's Own, Whitewheat, Wonder Bread, Cobblestone Mill and Tastykake to name a few. Flowers Baking Co. of Bradenton is comprised of a 108,913 square foot baking plant located in Sarasota, along with 26 distribution locations throughout Fort Meyers, Sarasota, St. Petersburg, Bradenton and Tampa. Flowers Baking Co. of Bradenton, LLC has been doing business at this location since 2000 and recently executed a new Fifteen (15) year NN lease term. The lease features attractive 7.5% rental increases every Five (5) years. The subject property is located in the Tampa West Industrial Center approximately 1 mile off of Veterans Expressway with traffic counts of 66,000 vehicles per day.

Highlights

Major Metro Market - Tampa/Bradenton distribution market.Recast Lease - In August 2014 the Tenant executed a brand new Fifteen (15)…

Property Description

Tampa FL, is the economic hub of west central Florida. Its economy is founded on a diverse base that includes tourism, agriculture, construction, finance, health care, technology, and maritime industry. For U.S. Census purposes, Tampa is part of the Tampa-St. Petersburg-Clearwater, Florida Metropolitan Statistical Area. The four-county area is composed of roughly 2.9 million residents, making it the second largest metropolitan statistical area (MSA) in the state.