Trulieve Bradenton 1720 Cortez Rd 5,106 SF 100% Leased Retail Building Bradenton, FL 34207 $3,381,924 ($662.34/SF) 6.95% Cap Rate

This asset presents a compelling opportunity to acquire a brand-new, freestanding Trulieve location on one of Bradenton’s busiest commercial corridors. The property is positioned for long-term stability and strong passive income, supported by a 10-year NNN lease with 3% annual escalations, two extension options, and no landlord responsibilities. Opportunity to receive the full 10 year term as Trulieve is currently paying pre-rent.
Bradenton’s booming population, strong household formation, and annual influx of tourists create an environment where medical cannabis retail enjoys high unit-level performance. The site’s exceptional exposure on Cortez Road (54,500 VPD) along with proximity to major national retailers enhances daily customer flow and ensures tenant success.
The surrounding North Port–Sarasota–Bradenton MSA continues to experience rapid growth, fueled by healthcare, advanced manufacturing, logistics, and a robust education sector. Multiple major developments—including downtown revitalization initiatives and master-planned community expansions—further reinforce long-term demand and future appreciation potential.
With a high-performing national tenant, newly completed renovation, and an irreplaceable location in a surging Gulf Coast market, this Trulieve property delivers a resilient, inflation-protected, low-maintenance investment ideal for 1031 buyers and long-term holders
The property is situated along Cortez Road (54,500 VPD), one of Bradenton’s busiest and most commercially dense corridors.
The site benefits from excellent access to major transportation arteries including:
U.S. 301
U.S. 41
The immediate trade area is anchored by strong retail and daily-needs tenants such as Cortez Plaza, Publix, and Lowe’s—driving consistent customer traffic.
Demographics (3-Mile Radius):
2025 Population: 123,825
2030 Projected Population: 127,168
Average HH Income: $82,176
Daytime Population: 89,160
2025 Households: 53,683
The broader Bradenton market features:
A diverse, growing population
Tourism, manufacturing, agriculture, and education/health services as core economic drivers
Significant annual tourist activity and seasonal residency levels
Cultural and lifestyle amenities include the Village of the Arts, Bishop Museum of Science and Nature, Manatee Riverwalk, and extensive community events—enhancing the area’s desirability for residential and commercial growth.
Building Size: 5,106 SF (freestanding Trulieve dispensary)
Lot Size: ±0.60 acres (26,136 SF)
Year Renovated: 2024
Parking: 16 dedicated spaces
Tenant: Trulieve (leading medical cannabis operator; 233 locations nationwide, 162 in Florida, ~48% market share)
Lease Structure: Absolute NNN – tenant covers taxes, insurance, utilities, repairs, maintenance.
Lease Term:
Pre-rent period currently active ($235,000 NNN annually) until certificate of occupancy is issued
Initial term: 10 years
Estimated term expiration: 2035
Two (2) 5-year renewal options
3% annual rent escalations
Annual Base Rent (Pre-Rent & Year 1): $235,000
Tenant Financial Profile:
2024 Revenue: $1.2B
GAAP Gross Profit: $716M
EBITDA: $420M
700+ SKUs, vertically integrated
Ownership: Fee simple; delivered free & clear of debt.