901 Cortez Rd W | Bradenton, FL 34207
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901 Cortez Rd W
Bradenton, FL 34207
Retail Property For Sale
Investment Highlights
- Excellent access, visibility and frontage on Cortez Road (42,000 VPD).
- Outparcel to Cortez Plaza (274,398 SF) anchored by Sprouts, L.A. Fitness, Burlington, and Petsmart.
- Centrally located in an urban infill trade area, 102,130 residents within a 3 mile radius.
- Six 5-year renewal options, with 10% rent increases at the beginning of each option.
Executive Summary
Cushman & Wakefield Retail Capital Advisors are pleased to offer for sale a new 10-year, net-leased Starbucks located at 901 Cortez Road West, Bradenton, FL. The offering features a new NN lease to Starbucks Corporation for an initial term of 10 years. The annual base rent of $165,000 increases by 10% in year six of the initial term and by 10% at the beginning of each renewal option.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,661 SF
Building Class
B
Year Built
2024
Price
£2,382,838
Price Per SF
£895
Net Initial Yield
5.55%
NOI
£132,248
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Lot Size
0.54 AC
Zoning
GC - General Commercial
Parking
30 Spaces (11.27 Spaces per 1,000 SF Leased)
Frontage
134 ft on Cortez Road West
Amenities
- Drive Thru
- Air Conditioning
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