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1720 Cortez Rd 5,106 SF 100% Leased Retail Building Bradenton, FL 34207 $3,381,294 ($662.22/SF) 6.95% 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
5,106 SF
Building Class
B
Year Built
1957
Price
$3,381,294
Price Per SF
$662.22
Cap Rate
6.95%
NOI
$235,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
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
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49084-0005-9 | Improvements Assessment | $643,578 |
| Land Assessment | $427,591 | Total Assessment | $1,071,169 |
PROPERTY TAXES
Parcel Number
49084-0005-9
Land Assessment
$427,591
Improvements Assessment
$643,578
Total Assessment
$1,071,169
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1720 Cortez Rd
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