30964 Overseas Hwy - Storefront Retail/Office FOR SALE


Big Pine Key, FL 33043
$1,536,000 USD
786-443-7203
30964 Overseas Hwy, Big Pine Key, FL for Sale
$1,536,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | 6.25% Cap Rate

30964 Overseas Hwy
Big Pine Key, FL 33043


HIGHLIGHTS

  • Located on Overseas Highway
  • Drive Through Window
  • NNN Leased

OVERVIEW

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

FOR SALE DETAILS

PRICE

$1,536,000 USD

PRICE/SF

$960 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pulp Cannabis Dispensary Big Pine Key

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Drug Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

Suburban Commercial

APN/PARCEL ID

00111310-000000

ASK ABOUT THIS PROPERTY

Casey PrindleKELLER WILLIAMS REALTY JUPITERMore Info
786-443-7203

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Casey PrindleKELLER WILLIAMS REALTY JUPITERMore Info
786-443-7203

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.