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.