Log In/Sign Up
Your email has been sent.
1720 Cortez Rd 3,974 SF Retail Building Bradenton, FL 34207 $5,007,165 CAD ($1,259.98 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Investment Grade Tenant: Trulieve operates 225 stores nationwide, including 165 in Florida, with 48% market share and $1.2B in annual revenue
- Prime Location: High-traffic commercial corridor surrounded by national retailers.
- Strong Demographics: Average household income of $70,946 within 3 miles.
- Long-Term Stability: 10-year absolute NNN lease structure with built-in rent increases and no landlord obligations.
- Prime Location: Strong residential density (121,000+ residents within 3 miles), and 48,000+ daytime workers.
- High Visibility: 54,500 VPD ensures maximum exposure for tenant branding and traffic generation.
EXECUTIVE SUMMARY
Address: 1720 Cortez Road West, Bradenton, FL 34207
Building Size: 5,106 square feet (freestanding building)
Lot Size: ±0.60 acres (26,136 SF)
Tenant: Trulieve – the leading medical cannabis company in the U.S.
Zoning: Commercial
Lease Type: Absolute NNN (Triple Net)
Rent: $235,000 annually, with 3% annual escalations
Lease Term: 10 years with two 5-year extension options
Traffic Volume: 54,500 vehicles per day (VPD) on Cortez Rd
Size: 0.60 acres with a 5,106 SF freestanding retail building.
Parking: 16 dedicated spaces.
Access & Visibility: Excellent frontage and access along Cortez Road West — one of Bradenton’s busiest commercial corridors.
Surroundings: Near major retailers including Publix, Lowe’s, and Cortez Plaza.
Condition: Renovated in 2024 and delivered free and clear of debt.
Offering Type: Fee simple sale — property delivered unencumbered.
Cap Rate: 6.25% based on current annual rent of $235,000.
Growth Opportunity: 3% annual rent escalations provide reliable income growth over the lease term.
Tenant Strength: Trulieve reported $420M in EBITDA (2024) with continued expansion across key U.S. markets.
Building Size: 5,106 square feet (freestanding building)
Lot Size: ±0.60 acres (26,136 SF)
Tenant: Trulieve – the leading medical cannabis company in the U.S.
Zoning: Commercial
Lease Type: Absolute NNN (Triple Net)
Rent: $235,000 annually, with 3% annual escalations
Lease Term: 10 years with two 5-year extension options
Traffic Volume: 54,500 vehicles per day (VPD) on Cortez Rd
Size: 0.60 acres with a 5,106 SF freestanding retail building.
Parking: 16 dedicated spaces.
Access & Visibility: Excellent frontage and access along Cortez Road West — one of Bradenton’s busiest commercial corridors.
Surroundings: Near major retailers including Publix, Lowe’s, and Cortez Plaza.
Condition: Renovated in 2024 and delivered free and clear of debt.
Offering Type: Fee simple sale — property delivered unencumbered.
Cap Rate: 6.25% based on current annual rent of $235,000.
Growth Opportunity: 3% annual rent escalations provide reliable income growth over the lease term.
Tenant Strength: Trulieve reported $420M in EBITDA (2024) with continued expansion across key U.S. markets.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
3,974 SF
Building Class
B
Year Built
1957
Price
$5,007,165 CAD
Price Per SF
$1,259.98 CAD
Cap Rate
6.25%
NOI
$312,948 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.60 AC
Zoning
GC - General Commercial
Parking
16 Spaces (4.03 Spaces per 1,000 SF Leased)
Frontage
103’ on Cortez Rd
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49084-0005-9 | Improvements Assessment | $906,872 CAD |
| Land Assessment | $602,523 CAD | Total Assessment | $1,509,395 CAD |
PROPERTY TAXES
Parcel Number
49084-0005-9
Land Assessment
$602,523 CAD
Improvements Assessment
$906,872 CAD
Total Assessment
$1,509,395 CAD
1 of 14
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
1720 Cortez Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.