Listed by Franklin Street Tampa
$3,381,294
Trulieve Bradenton
Details
Property Type Retail, Office
Sub Type Medical Office
Square Footage 5,106
Cap Rate 6.95%
NOI $235,043
Occupancy 100%
Tenancy Single
Brand/Tenant Trulieve
Lease Type NNN
Excellent frontage and access along Cortez Road West
Investment highlights
- Fee simple ownership with favorable depreciation opportunities
- Brand‑new 2024 renovation of a freestanding retail building
- Absolute nnn lease – zero landlord obligations
- High‑visibility location on cortez road with 54,500 vpd
- Dense trade area: 121,000+ residents and 48,386 employees within 3 miles
- Proximity to national retailers and high‑traffic shopping centers (publix, lowe’s, cortez plaza)
- Strong tenant credit: trulieve is publicly traded (“tcnnf”), $1.2 b revenue, $420 m ebitda
- 3% annual rent bumps provide attractive, consistent cash‑flow growth
- Growing metropolitan area (north port–sarasota–bradenton msa) with long‑term economic diversification
- This asset presents a compelling opportunity to acquire a brand‑new, freestanding trulieve location on one of bradenton’s busiest commercial corridors. The property is positioned for long‑term stability and strong passive income, supported by a 10‑year nnn lease with 3% annual escalations, two extension options, and no landlord responsibilities.
- Bradenton’s booming population, strong household formation, and annual influx of tourists create an environment where medical cannabis retail enjoys high unit‑level performance. The site’s exceptional exposure on cortez road (54,500 vpd) along with proximity to major national retailers enhances daily customer flow and ensures tenant success.
- The surrounding north port–sarasota–bradenton msa continues to experience rapid growth, fueled by healthcare, advanced manufacturing, logistics, and a robust education sector. Multiple major developments—including downtown revitalization initiatives and master‑planned community expansions—further reinforce long‑term demand and future appreciation potential.
- With a high‑performing national tenant, newly completed renovation, and an irreplaceable location in a surging gulf coast market, this trulieve property delivers a resilient, inflation‑protected, low‑maintenance investment ideal for 1031 buyers and long‑term holders.
Listing Contacts
Listed by Franklin Street Tampa
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Loan Amount
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Annual Debt Service
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$--
Annual Cash Flow
$235,043.00
$19,586.92/mo
Valuation Metrics
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DSCR
6.95%
Cap Rate
6.95%
ROI
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