1720 Cortez Rd - Drug Store FOR SALE


Bradenton, FL 34207
$3,587,000 USD
813-223-6300
1720 Cortez Rd, Bradenton, FL for Sale
$3,587,000 USD
Drug Store - FOR SALE
1/13
null | 6.25% Cap Rate

1720 Cortez Rd
Bradenton, FL 34207


HIGHLIGHTS

  • Investment Grade Tenant: Trulieve operates 225 stores nationwide, including 165 in Florida, with 48% market share and $1.2B in annual revenue
  • Long-Term Stability: 10-year absolute NNN lease structure with built-in rent increases and no landlord obligations.
  • Prime Location: High-traffic commercial corridor surrounded by national retailers.
  • Prime Location: Strong residential density (121,000+ residents within 3 miles), and 48,000+ daytime workers.
  • Strong Demographics: Average household income of $70,946 within 3 miles.
  • High Visibility: 54,500 VPD ensures maximum exposure for tenant branding and traffic generation.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,587,000 USD

PRICE/SF

$903 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,223 SF

ZONING

GC

APN/PARCEL ID

49084-0005-9

ASK ABOUT THIS PROPERTY

Jason DonaldFranklin StreetMore Info
813-223-6300

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Jason DonaldFranklin StreetMore Info
813-223-6300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.