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4427 53rd Ave E 3,202 SF Retail Building Bradenton, FL 34203 $3,250,000 ($1,014.99/SF) 7.69% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease – Zero landlord responsibilities, making this an ideal passive investment opportunity.
- Large Parcel Size – Positioned on a ±1.02-acre site, the property offers strong residual land value and potential for future redevelopment.
- Hard Corner – Strategically located at a signalized intersection along State Road 70, a major east–west thoroughfare.
- Annual Rent Increases – Fixed 2.00% annual rental escalations provide a reliable hedge against inflation.
- Long-Term Lease – Over 8.5 years remaining on the base term of the lease, with two additional five-year renewal options.
- Significant Capital Improvements – Over $600,000 invested in site buildout and renovations, enhancing operational efficiency and long-term asset value
EXECUTIVE SUMMARY
Matthews™ is pleased to present 4427 53rd Avenue East, a premier single-tenant retail asset located in the rapidly growing market of Bradenton, Florida. The property is corporately guaranteed by Cookies, a globally recognized cannabis brand with over 70 retail locations across the U.S., Canada, and Europe. Situated on a +1.02-acre parcel at a hard signalized intersection along State Road 70—a major east–west corridor with traffic counts exceeding ±72,400 (combined) vehicles per day—the site benefits
from exceptional visibility and access.
The asset is secured by an Absolute NNN lease with over ±8.5 years remaining on the base term and two five-year renewal options, each featuring 2.00% annual rental increases. This structure offers investors a true passive income opportunity with built-in inflation protection and long-term cash flow growth. Approximately $600,000 has been invested into the property’s buildout and renovations, further reinforcing the tenant’s commitment to the location and enhancing long-term asset value.
Positioned within a thriving retail corridor, the property is surrounded by national brands such as Walmart, Publix, Wawa, Aldi, CVS, TD Bank, and Firestone, providing strong consumer synergy and foot traffic. Manatee County has experienced significant population growth—adding nearly 60,000 new residents since 2020—fueling retail demand and supporting future rental and value appreciation. This offering represents a rare opportunity to acquire a fully stabilized, passive net lease investment with a proven operator, strong underlying real estate fundamentals, and long-term upside in one of Florida’s fastest-growing markets.
from exceptional visibility and access.
The asset is secured by an Absolute NNN lease with over ±8.5 years remaining on the base term and two five-year renewal options, each featuring 2.00% annual rental increases. This structure offers investors a true passive income opportunity with built-in inflation protection and long-term cash flow growth. Approximately $600,000 has been invested into the property’s buildout and renovations, further reinforcing the tenant’s commitment to the location and enhancing long-term asset value.
Positioned within a thriving retail corridor, the property is surrounded by national brands such as Walmart, Publix, Wawa, Aldi, CVS, TD Bank, and Firestone, providing strong consumer synergy and foot traffic. Manatee County has experienced significant population growth—adding nearly 60,000 new residents since 2020—fueling retail demand and supporting future rental and value appreciation. This offering represents a rare opportunity to acquire a fully stabilized, passive net lease investment with a proven operator, strong underlying real estate fundamentals, and long-term upside in one of Florida’s fastest-growing markets.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,202 SF
Building Class
B
Year Built/Renovated
1988/2024
Price
$3,250,000
Price Per SF
$1,014.99
Cap Rate
7.69%
NOI
$249,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.02 AC
Zoning
GC - General Commercial
Parking
9 Spaces (2.81 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Cookies
- -
- 3,202 SF
- -
- Triple Net
- May 2034
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Cookies | - | 3,202 SF | - | Triple Net | May 2034 |
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 17621-0010-3 | Improvements Assessment | $449,801 |
| Land Assessment | $717,166 | Total Assessment | $1,166,967 |
PROPERTY TAXES
Parcel Number
17621-0010-3
Land Assessment
$717,166
Improvements Assessment
$449,801
Total Assessment
$1,166,967
CONTACTS
-
Alexander Machado -
Jake Lurie -
Daniel Gonzalez -
Matthews Real Estate Investment Services
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