Shopping Neighborhood
Cortez Village Square | Tampa MSA | Value-Add
6610 Cortez Rd W, Bradenton, FL 34210
Listing Price: $6,200,000
Investment Overview
Marcus & Millichap is proud to present the exclusive opportunity to acquire Cortez Village Plaza, a rare value-add center located at 6610 Cortez Rd W, Bradenton, FL 34210. This Fee Simple Property offers an extensive net leasable area of 41,892 square feet on 5.08 acres in one of the fastest-growing cities in the U.S. (Tampa MSA). The center provides true value-add opportunity by leasing the vacant space and adjusting rents for existing tenants, making it an attractive investment at $148 per square foot—well below the replacement cost. The average 5-mile population is of over 152,000, with continued annual growth, confirming the economic strength of the locale. Positioned on the busy Cortez retail corridor, the property sees over 27,000+ vehicles daily, ensuring visibility and accessibility.
Bradenton, ranked #2 Among US Cities for Net Growth per HireAHelper–is strategically located just 40 miles south of Tampa. Cortez Village Plaza benefits from local national retailers like Walmart, Publix, Wendy's, Sprouts Farmer’s Market, Lowe’s, Target, Wawa, Chick-fil-A, Sherwin Williams, and many more.
Cortez Village Square | Tampa MSA | Value-Add
Investment Highlights
- Below Replacement Cost: Strategically priced well below replacement cost, this property offers 41,892 square feet situated on 5.08 acres, an incredible deal at just $148 per square foot.
- Rare Double-Digit Returns: Anticipate a double-digit total return by the second year upon successful lease-up of vacant spaces.
- Prime Location: The property boasts access to a densely populated area with over 152,000 individuals within a 5-mile radius.
- Value-Add: With a vacancy rate of 13.30%, there's significant potential for growth. In addition, the current average center rents stand at $12.35 per square foot, while the CoStar Submarket average is $21.00 per square foot.
- Convenient Accessibility: Great access with excellent ingress and egress, coupled with ample parking options, all conveniently situated at a prominent 4-way intersection.
- High Visibility: The property fronts 44th Ave, with a daily traffic count exceeding 27,500 vehicles, ensuring unparalleled visibility and exposure.
- Thriving Market: Ranked #2 among US cities for net growth, as per Hire-A-Helper, the surrounding market promises continued expansion and economic vitality, bolstering the property's investment appeal.
- Proximity to Major Retailers: Surrounded by an array of well-established retailers including Walmart, Publix, Wendy's, Sprouts Farmer's Market, Lowe's, Target, Wawa, Chick-fil-A, Sherwin Williams, and many more.
Exclusively Listed By
Financing By
Shopping Neighborhood
Cortez Village Square | Tampa MSA | Value-Add
Listing Price: $6,200,000
Investment Highlights
- Below Replacement Cost: Strategically priced well below replacement cost, this property offers 41,892 square feet situated on 5.08 acres, an incredible deal at just $148 per square foot.
- Rare Double-Digit Returns: Anticipate a double-digit total return by the second year upon successful lease-up of vacant spaces.
- Prime Location: The property boasts access to a densely populated area with over 152,000 individuals within a 5-mile radius.
- Value-Add: With a vacancy rate of 13.30%, there's significant potential for growth. In addition, the current average center rents stand at $12.35 per square foot, while the CoStar Submarket average is $21.00 per square foot.
- Convenient Accessibility: Great access with excellent ingress and egress, coupled with ample parking options, all conveniently situated at a prominent 4-way intersection.
- High Visibility: The property fronts 44th Ave, with a daily traffic count exceeding 27,500 vehicles, ensuring unparalleled visibility and exposure.
- Thriving Market: Ranked #2 among US cities for net growth, as per Hire-A-Helper, the surrounding market promises continued expansion and economic vitality, bolstering the property's investment appeal.
- Proximity to Major Retailers: Surrounded by an array of well-established retailers including Walmart, Publix, Wendy's, Sprouts Farmer's Market, Lowe's, Target, Wawa, Chick-fil-A, Sherwin Williams, and many more.
Investment Overview
Marcus & Millichap is proud to present the exclusive opportunity to acquire Cortez Village Plaza, a rare value-add center located at 6610 Cortez Rd W, Bradenton, FL 34210. This Fee Simple Property offers an extensive net leasable area of 41,892 square feet on 5.08 acres in one of the fastest-growing cities in the U.S. (Tampa MSA). The center provides true value-add opportunity by leasing the vacant space and adjusting rents for existing tenants, making it an attractive investment at $148 per square foot—well below the replacement cost. The average 5-mile population is of over 152,000, with continued annual growth, confirming the economic strength of the locale. Positioned on the busy Cortez retail corridor, the property sees over 27,000+ vehicles daily, ensuring visibility and accessibility. Bradenton, ranked #2 Among US Cities for Net Growth per HireAHelper–is strategically located just 40 miles south of Tampa. Cortez Village Plaza benefits from local national retailers like Walmart, Publix, Wendy's, Sprouts Farmer’s Market, Lowe’s, Target, Wawa, Chick-fil-A, Sherwin Williams, and many more.
Exclusively Listed By
Financing By
