Keller Williams is pleased to offer for sale a 1,600 square foot, freestanding, NNN approved Cannabis Dispensary location.
This offering represents the opportunity to acquire a freestanding building, leased on a long-term triple net basis to an approved medical marijuana dispensary Tenant in the State of Florida.
The Property is located in Big Pine Key directly on Overseas Highway, with rarely available approved drive
through usage.
Deal Point Summary
Price: $1,536,000.00 (6.25% Cap Rate at Ask)
Address: 30964 Overseas Hwy Big Pine Key, FL 33043
SF 1,600
NNN Annual Rev. $96,000.00
Base Rent Escalations 3% Every Year
Lease Expiry September 30, 2038
Originally constructed in 1984, renovated in 2019, roof replaced in 2022
True NNN Lease with no Landlord responsibilities
Monroe County is considering building moratoriums along with restricted new construction permit issuance, mitigating
risk to existing location.
Drive through windows are now prohibited in the area, this location is approved for drive through usage