6815 53Rd Ave Bradenton, FL 34203
- Retail properties
- 3,424 SF
- 0.76 lot acres
Current Use by Public Records
- Surterra Wellness - Medical Marijuana Dispensary | Bradenton / Wellness Center / Cannabis Store
Property Details for 6815 53Rd Ave
- Year built
- 1989
- Lot size
- 0.76 lot acres
- Property size
- 3,424 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a 3,424-square-foot, single-tenant net-leased cannabis dispensary in Bradenton, Florida, part of the Sarasota MSA. The property, built in 1989 and renovated in 2019, sits on a 0.76-acre lot at 6815 53rd Ave E, 34203. Currently occupied by Surterra Wellness under a corporate-guaranteed lease with 4.4 years remaining (expiring 3/31/2029), the lease includes two 5-year options with 10% rent increases every five years. The property boasts a strong 7.00% cap rate and a substantial NOI of $90,393. Benefiting from high daily traffic counts on State Road 70 (73,000 vehicles) and proximity to I-75 (133,000 vehicles daily), the location enjoys a prime retail corridor near Walmart, Publix, and Lowe's. Furthermore, its strategic location near Manatee Technical College and Braden River High School (over 2,800 students) and several country clubs (nearly 2,000 residents) ensures consistent demand. The asking price is $1,290,000. This is a rare opportunity to acquire a stable, high-performing asset in a thriving market. The property is 100% occupied and benefits from limited competition within a 5-mile radius, serving over 135,000 residents.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bradenton
- County
- Manatee
- State
- Florida
- Longitude
- -82.4729
- Latitude
- 27.4464
