901 Cortez Rd W - Restaurant FOR SALE


Bradenton, FL 34207
$2,750,000 USD
813-223-6300
901 Cortez Rd W, Bradenton, FL for Sale
$2,750,000 USD
Restaurant - FOR SALE
1/3
null | 6% Cap Rate

901 Cortez Rd W
Bradenton, FL 34207


HIGHLIGHTS

  • Excellent access, visibility and frontage on Cortez Road (42,000 VPD).
  • Centrally located in an urban infill trade area, 102,130 residents within a 3 mile radius.
  • Outparcel to Cortez Plaza (274,398 SF) anchored by Sprouts, L.A. Fitness, Burlington, and Petsmart.
  • Six 5-year renewal options, with 10% rent increases at the beginning of each option.

OVERVIEW

Cushman & Wakefield Retail Capital Advisors are pleased to offer for sale a new 10-year, net-leased Starbucks located at 901 Cortez Road West, Bradenton, FL. The offering features a new NN lease to Starbucks Corporation for an initial term of 10 years. The annual base rent of $165,000 increases by 10% in year six of the initial term and by 10% at the beginning of each renewal option.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$1,033 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NET LEASED STARBUCKS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,535 SF

ZONING

GC

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Patrick BermanCushman & WakefieldMore Info
813-223-6300

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Patrick BermanCushman & WakefieldMore Info
813-223-6300

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