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B+E brokers sale of Bradenton Trulieve property for $900,000
B+E, the first brokerage and technology platform for net lease real estate, announced the sale of the Trulieve property located at 4804-4812 Manatee Avenue West, Bradenton, Florida for $900,000.
(PRUnderground) July 21st, 2021
B+E, the first brokerage and technology platform for net lease real estate, announced the sale of the Trulieve property located at 4804-4812 Manatee Avenue West, Bradenton, Florida for $900,000.
Selling at a 7% cap rate, the property is +/- 1,833 square feet, and sits on +/- .42 acres of land. There are approximately nine years remaining on the lease with 3% rent escalations every year.
“The sale of this property demonstrates a compression of cap rates for cannabis properties, both nationwide and more specifically in the unique FL cannabis market,” said Nolan Johnson with B+E. “With legalization seeming inevitable and cannabis companies and the industry becoming more mature, investors are becoming fonder of the asset class.”
The Trulieve location is within close proximity to many national retailers including Domino’s Pizza, Jimmy John’s, Taco Bell, Wendy’s, Dunkin Donuts, Starbucks, Publix Super Market, Winn-Dixie, and Dollar Tree among others.
For more information, contact Nolan Johnson at njohnson@tradenetlease.com
About B+E
B+E is a modern investment brokerage firm, specializing in net lease real estate. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform comprising of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry.
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