Skip to main content

Miscellaneous

Absolute NNN Medical Dispensary in Titusville FL

4250 S Washington Ave, Titusville, FL 32780

Listing Price: $1,633,333

Cap Rate
6.00%
Tenant Name
MUV
Years Remaining On Lease
9.6
Guarantor
Limited Corporate Guarantee
Rentable SF
3,344
Lease Type
Absolute Net
Rent Per Square Feet
$29.31

Investment Overview

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

Investment Highlights

  • Well Established Retail Corridor on Highway One Nearby National Tenants Include Walgreens, McDonalds, Dunkin', Taco Bell, Ace Hardware, Marriott, Wyndam, Walmart, Target, and Others
  • Affluent Community with an Average Household Income of Over $68K within Five Miles of the Subject Asset, as of 2022
  • Florida is One of Nine Income Tax Free States
  • Robust Traffic Counts on Washington Avenue (24,936) and a Half Mile off of Cheney Highway (17,256 VPD) (Source: LandVision, CoStar, 2022)
  • Subject is 37 Miles from Downtown Orlando with a Population of 284,817

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Miscellaneous

Absolute NNN Medical Dispensary in Titusville FL

Listing Price: $1,633,333

Cap Rate
6.00%
Tenant Name
MUV
Years Remaining On Lease
9.6
Guarantor
Limited Corporate Guarantee
Rentable SF
3,344
Lease Type
Absolute Net
Rent Per Square Feet
$29.31

Investment Highlights

  • Well Established Retail Corridor on Highway One Nearby National Tenants Include Walgreens, McDonalds, Dunkin', Taco Bell, Ace Hardware, Marriott, Wyndam, Walmart, Target, and Others
  • Affluent Community with an Average Household Income of Over $68K within Five Miles of the Subject Asset, as of 2022
  • Florida is One of Nine Income Tax Free States
  • Robust Traffic Counts on Washington Avenue (24,936) and a Half Mile off of Cheney Highway (17,256 VPD) (Source: LandVision, CoStar, 2022)
  • Subject is 37 Miles from Downtown Orlando with a Population of 284,817

Investment Overview

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

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

MM Texture Background
MM Textured Background Lower