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1720 Cortez Rd 3 974 pi² Commerce de détail Immeuble Bradenton, FL 34207 4 962 220 $ CAD (1 248,67 $ CAD/pi²) 6,25% Taux de capitalisation
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FAITS SAILLANTS DE L'INVESTISSEMENT
- 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.
RÉSUMÉ DE L'ANNONCE
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.
FAITS SUR LA PROPRIÉTÉ
COMMODITÉS
- Enseigne sur pylône
DISPONIBILITÉ DES ESPACES
- ESPACE
- TAILLE
- UTILISATION DE L’ESPACE
- POSTE
- DISPONIBLE
The lease is structured as Triple Net (NNN), with the tenant responsible for taxes, insurance, utilities, repairs, and maintenance. Pre-rent applies until the certificate of occupancy is issued, after which the initial 10-year term begins, complemented by two 5-year extension options. Rent starts at $235,000 annually with 3% yearly increases, and the property will be delivered free and clear of financing. Zoned for retail use suitable for a medical cannabis dispensary, the space features updated infrastructure and is ready for tenant improvements, ensuring security and adaptability for specialized needs.
| Espace | Taille | Utilisation de l’espace | Poste | Disponible |
| 1er étage | 3 974 pi² | Commerce de détail | En ligne | Maintenant |
1er étage
| Taille |
| 3 974 pi² |
| Utilisation de l’espace |
| Commerce de détail |
| Poste |
| En ligne |
| Disponible |
| Maintenant |
1er étage
| Taille | 3 974 pi² |
| Utilisation de l’espace | Commerce de détail |
| Poste | En ligne |
| Disponible | Maintenant |
The lease is structured as Triple Net (NNN), with the tenant responsible for taxes, insurance, utilities, repairs, and maintenance. Pre-rent applies until the certificate of occupancy is issued, after which the initial 10-year term begins, complemented by two 5-year extension options. Rent starts at $235,000 annually with 3% yearly increases, and the property will be delivered free and clear of financing. Zoned for retail use suitable for a medical cannabis dispensary, the space features updated infrastructure and is ready for tenant improvements, ensuring security and adaptability for specialized needs.
PRINCIPAUX DÉTAILLANTS À PROXIMITÉ
Impôts fonciers
| Numéro de lot | 49084-0005-9 | Évaluation des bâtiments | 906 872 $ CAD |
| Évaluation du terrain | 602 523 $ CAD | Évaluation totale | 1 509 395 $ CAD |
Impôts fonciers
Présenté par
1720 Cortez Rd
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