4427 53rd Ave E - Storefront FOR SALE


Bradenton, FL 34203
$3,250,000 USD
305-905-3215
4427 53rd Ave E, Bradenton, FL for Sale
$3,250,000 USD
Storefront - FOR SALE
1/4
null | 7.69% Cap Rate

4427 53rd Ave E
Bradenton, FL 34203


HIGHLIGHTS

  • Absolute NNN Lease – Zero landlord responsibilities, making this an ideal passive investment opportunity.
  • Annual Rent Increases – Fixed 2.00% annual rental escalations provide a reliable hedge against inflation.
  • Large Parcel Size – Positioned on a ±1.02-acre site, the property offers strong residual land value and potential for future redevelopment.
  • Long-Term Lease – Over 8.5 years remaining on the base term of the lease, with two additional five-year renewal options.
  • Hard Corner – Strategically located at a signalized intersection along State Road 70, a major east–west thoroughfare.
  • Significant Capital Improvements – Over $600,000 invested in site buildout and renovations, enhancing operational efficiency and long-term asset value

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$1,015 USD /SF

CAP RATE

7.69%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Drug Store, Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

GC

APN/PARCEL ID

17621-0010-3

ASK ABOUT THIS PROPERTY

Alexander MachadoMatthews Real Estate Investment ServicesMore Info
305-905-3215

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Alexander MachadoMatthews Real Estate Investment ServicesMore Info
305-905-3215

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