1208 NE 5th St - Restaurant FOR SALE
Crystal River, FL 34429 |
$1,722,041 USD
813-488-0853
1208 NE 5th St
Crystal River, FL 34429
HIGHLIGHTS
- There are over 8 years remaining on the base term of the lease, providing stability and security for investors.
- 2.00% annual rental increases, providing investors with a hedge against inflation. CAP rate will increase roughly 15-20bps each year of ownership.
- Limited Landlord responsibilities as the roof and HVAC were replaced before the Tenant began operations. Tenant pays for taxes, insurance
- Green Thumb Industries Inc (GTI) currently has +8 product brands, +90 dispensaries and +20 manufacturing facilities across 15 different states.
- The property sits on ±1.03 Acres and houses 28 parking spots. Whether used for a cannabis dispensary or other ventures
- The subject property sits on the hard signalized intersection of W Gulf to Lake Hwy (+31,500 VPD) and N Joyner Terrace.
FOR SALE DETAILS
PRICE
$1,722,041 USD
PRICE/SF
$930 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Rise Dispensary
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
25
LAND DETAILS
LAND ACRES
1.03 AC
LAND SF
44,867 SF
ZONING
CH
APN/PARCEL ID
17E-18S-22-0030-00000-0063
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
813-488-0853
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
813-488-0853
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
