6815 53rd Ave E - Health Club FOR SALE


Bradenton, FL 34203
$1,290,000 USD
689-666-9560
6815 53rd Ave E, Bradenton, FL for Sale
$1,290,000 USD
Health Club - FOR SALE
1/5
null | 7.01% Cap Rate

6815 53rd Ave E
Bradenton, FL 34203


HIGHLIGHTS

  • This Surterra is the only cannabis dispensary within a 5-mile radius with over 135,000 residents
  • Just one mile west of 133,000 VPD and Interstate 75
  • Less than one mile from a combined 2,900 students at Manatee Technical College & Braden River High School

OVERVIEW

STNL.com is pleased to present this 100% fee simple single-tenant Surterra Wellness Cannabis dispensary in Bradenton, FL, which is a part of the Sarasota, FL MSA. This 3,424/SF property is conveniently located with frontage along State Rd. 70 which sees traffic counts of 73,000 vehicles per day. Furthermore, the Tenant’s location is also situated just 1-mile from the busiest interstate along Florida’s Gulf Coast known as I-75. This busy thoroughfare brings 133,000 vehicles per day just 1 mile away from Surterra Wellness’ Bradenton location. With the sizable traffic counts, leading retailers such as Walmart, Publix & Lowe’s Home Improvement all call this retail corridor home and find themselves located within 1.8 miles of the Surterra Wellness location. Surterra Wellness and the aforementioned big-box retailers will continue to enjoy consistent retail demand as they find themselves located within a stone’s throw of a combined 2,800+ students at Braden River High School and Manatee Technical College. The initial term on this single tenant offering was 10 years in length and runs through March of 2029. The lease also calls for ten percent (10%) rental increases every five years including through the option periods. This property can be acquired for $1,290,000.00

FOR SALE DETAILS

PRICE

$1,290,000 USD

PRICE/SF

$377 USD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Surterra Wellness Cannabis Dispensary

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

GC

APN/PARCEL ID

17305-0055-8

ASK ABOUT THIS PROPERTY

Mark ThompsonSTNL.comMore Info
689-666-9560

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Mark ThompsonSTNL.comMore Info
689-666-9560

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.