Surterra Wellness Cannabis Dispensary 6815 53rd Ave E

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