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Cookies | New 10yr Corp NNN w/ Annual Incrses 4427 53rd Ave E

3,202 SF Retail Building Bradenton, FL 34203 $4,563,768 CAD ($1,425 CAD/SF) 7.70% Cap Rate

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Investment Highlights

Brand New 10-Year Deal | Annual Rental Increases | Growing Brand
Catty-Corner to Super Market Anchored Center | Dense Retail Corridor | Strong National/Credit Tenant Presence
Strong Demographics in 5-Mile Trade Area | Direct Consumer Base | Tampa MSA

NNN | Fee Simple Ownership | Limited Landlord Responsibilities
Signalized, Hard Corner Intersection | Excellent Visibility & Access

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, freestanding, Cookies investment property located in Bradenton, Florida (Tampa MSA). The tenant, Cookies Florida, Inc. recently signed a brand new 10 year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Headquartered in San Francisco, the company opened its first retail store in 2018 in Los Angeles, and has since expanded to over 45 retail locations in 17 markets across 5 countries.