Absolute NNN Medical Cannabis Dispensary in Florida
4250 South Washington Avenue, Titusville, FL, USA Map
Listing Price $1,633,333
| Status | Active |
| Lease Type | Absolute Net |
| Property Type | Retail |
| CAP Rate | 6% |
| GLA (Sq. Ft.) | 3,344 |
| NOI | $98,000 |
| Lease Term Remaining | 9 Years |
| Increases | 3% Annually |
| Options | 2 x 5 Years |
| State (BOR) | FL |
| Broker of Record | Ryan Nee |
| License # (BOR) | BK3154667 |
Investment Highlights
Subject is a Prime 3,344 Square-Foot Newly
Renovated MÜV Dispensary on a 0.73-Acre Lot
with Ample Parking, Easy Ingress/Egress, and
Strategically Located on a Signalized Intersection.
Absolute NNN Lease with a 10-Year Base Term
and Zero Landlord Responsibility | Three Percent
Annual Rental Increases, 2 x 5-Year Options. Well Established Retail Corridor on Highway One
Nearby National Tenants Include Walgreens,
McDonalds, Dunkin’, Taco Bell, Ace Hardware,
Marriott, Wyndam, Walmart, Target, and Others.
