5202 Cortez Rd Bradenton, FL 34210

Property Details for 5202 Cortez Rd

Year built

1989

Construction

CONCRETE

Lot size

0.65 lot acres

Property size

1,596 SF

Zone code

BR_SCC

Property type

Auto shops

APN

51111.0075-5

APU

5111100755

Description

This exceptional investment opportunity presents a 1,820 square foot, free-standing Take 5 Oil Change located at 5202 Cortez Rd W, Bradenton, FL 34210. The property sits on a 0.65-acre lot and boasts excellent frontage and exposure on Cortez Road, a major retail corridor with 55,000 vehicles passing daily. Built in 1989, this single-story building is zoned C3 and operates under a corporate-guaranteed, absolute NNN lease with Take 5 Oil Change, a company with over 520 locations. The current lease, commenced May 1, 2015, has a remaining term of 5 years with one 5-year option at a 9% rent increase. The property generates a strong net operating income (NOI) of $70,290, resulting in a 5.15% cap rate. The asking price is $1,365,000. This is a low-maintenance, passive income investment in a high-traffic area with a substantial population density (13,940 within 1 mile, 88,807 within 3 miles, and 168,539 within 5 miles). The property was previously a Havoline Xpress location and has been re-imaged to the current Take 5 Oil Change concept. Florida's tax-advantaged environment further enhances this compelling investment. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term potential.

Location Insight

City

Bradenton

County

Manatee

State

Florida

Longitude

-82.614

Latitude

27.4631

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments