For Sale
$2,972,973

901 Cortez RdBradenton, FL 34207

High-Yield Florida QSR

Overview

Added:
Dec 11, 2024
Days on market:
113
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.

Highlights

  • Brand new, 2,661 SF Starbucks with drive-thru on a 23,448 SF lot.
  • 10-year net lease with Starbucks, commencing January 2025.
  • Six 5-year renewal options with 10% rent increases each.
  • $2,972,973 asking price; 5.55% cap rate.

Property Details for 901 Cortez Rd

Property type
Retail properties
Square Feet
23,448 SF
Year Built
2024

Location Insight

City
Bradenton
County
Manatee
State
Florida
Latitude
27.4620214
Longitude
-82.5716032
901 Cortez Rd, Bradenton, Florida

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901 Cortez Rd
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