901 Cortez W Rd Bradenton, FL 34207-1435
- Grocery and convenience stores
- 2,480 SF
- 0.54 lot acres
Current Use by Public Records
- Grocery and convenience stores
Property Details for 901 Cortez W Rd
- Year built
- 2012
- Lot size
- 0.54 lot acres
- Property size
- 2,480 SF
- Zone code
- GC
- Property type
- Grocery and convenience stores
- APN
- 53598.0045-9
- APU
- 5359800459
Description
This exceptional investment opportunity presents a brand-new, 23,448-square-foot Starbucks located at 901 Cortez Rd W, Bradenton, FL 34207. The property boasts a 10-year net lease with Starbucks Corporation, commencing January 2025, and featuring six 5-year renewal options with 10% rent increases at the start of each. The annual base rent is $165,000, increasing by 10% in year six. This strategically positioned outparcel within the 274,398-square-foot Cortez Plaza enjoys excellent visibility and access on Cortez Road (42,000 vehicles per day), benefiting from strong co-tenancy with Sprouts, LA Fitness, Burlington, and PetSmart. The property, built in 2024, offers a 5.55% cap rate and a price per square foot of $126.79. The asking price is $2,972,973. Situated in a densely populated area (102,130 residents within a 3-mile radius), this investment benefits from Florida's favorable tax environment and minimal landlord responsibilities. The property is free of any encumbrances. This is a turnkey investment with significant long-term growth potential. The 2,661+/- square-foot building includes a drive-thru.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bradenton
- County
- Manatee
- State
- Florida
- Longitude
- -82.5715
- Latitude
- 27.462
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
