6815 53Rd Ave Bradenton, FL 34203

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.