One Plant Cannabis Dispensary Avon Park,Florida

$1,357,000
Available
Property type:Single-Tenant Net Lease

The space

  • Price: $1,357,000
  • Cap Rate: 7.00%
  • Annual Rent: $95,000
  • Rentable Square Feet: 4,091
  • Price PSF: $331.70
  • Land Area: 0.60 AC
  • Year Built/Reno: 1993/2020
  • Lease Type: NNN
  • Lease Guarantor: SOL Global Investments Corp.
  • Lease Term: 10 Years
  • Option Periods: 1, 5-Year Option
  • Rent Increases: 10% Every 5 Years
  • Commencement: 3/1/2020
  • Lease Expiration: 2/28/2030

Description

299 U.S Highway 27 South
Avon Park, FL 33825

Investment Highlights

  • Brand New, 10-Year, Triple Net (NNN) Lease with One, Five-Year Renewal Option
  • 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Period
  • New Location Recently Renovated; Now Open
  • Medical Marijuana Dispensaries are Considered “Essential” During Coronavirus Pandemic
  • Located Along Strong Retail Corridor
  • Surrounding National Retailers Include Winn Dixie, Save-a-Lot, Anytime Fitness, Bealls Outlet, Badcock Home Furniture, Big Lots, Dollar Tree, Dollar General, AutoZone, Bank of America, McDonald’s, Taco Bell, Wendy’s, Walgreens, CVS and Many More

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a brand new One Plant Cannabis Dispensary in Avon Park, FL. During these uncertain times this is a great investment because medical marijuana dispensaries remain open as they are considered “essential” businesses.

One Plant features a brand new, 10-year, triple net lease with one, five-year renewal option and 10 percent rent increases every five years throughout the base term and option period. New location recently renovated; now open.

The subject property is at an exceptional location along a strong retail corridor with surrounding national retailers including Winn Dixie, Save-a-Lot, Anytime Fitness, Bealls Outlet, Badcock Home Furniture, Big Lots, Dollar Tree, Dollar General, AutoZone, Bank of America, McDonald’s, Taco Bell, Wendy’s, Walgreens, CVS and Many More. This major retail corridor is located off US Highway 27 with a daily traffic count of approximately 31,000 vehicles.

Avon Park, Florida is located in the center of the state, 50 Miles Southeast of Lakeland,76 Miles South of Orlando, and 86 Miles West of Vero Beach. The property is one mile from Avon Park Executive Airport. Avon Park, Florida is known as “The City of Charm”.

If new browser tab does not open to download the OM, make sure to check that your pop-up blocker is disabled.
You may also contact us at: 954-245-3592 or Click Here to Send Email

For More Information, Download OM:

Download Barry Wolfe V-Card

Download Alan Lipsky V-Card