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Drug Store

Liberty Health Cannabis Dispensary (Tampa MSA)

21529 Village Lakes Shopping Center Dr, Land O' Lakes, FL 34639

Listing Price: $4,125,000

Cap Rate
6.35%
Tenant Name
Liberty Health Sciences
Years Remaining On Lease
14.2
Guarantor
Corporate Guarantee
Rentable SF
4,029
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$65.00

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Liberty Health Sciences Cannabis Dispensary located in Land O' Lakes, FL. This location offers a new, 15-year, triple net (NNN) lease with ten percent rent increases every five years. This is a brand-new location with projected opening December 30, 2022. Ayr Wellness completed the acquisition of Liberty Health Sciences in an all-stock transaction on February 26, 2021 which provides a significant credit enhancement. The subject property is located along a strong retail corridor and is a prime outparcel to Village Lakes Shopping Center with tenants including Ross, Marshall’s, Five Below, Beall’s Outlet, YouFit Health Clubs, Pet Supplies Plus, and more. The property also offers excellent access and visibility to more than 61,500 vehicles daily off State Road 54. The population within five miles is over 100,000 with an average household income of $116,221 within three miles. Liberty Health Sciences is a part of the Tampa-St. Petersburg-Clearwater, Florida metropolitan area which contains roughly 3.2 million residents. The Tampa area has over one million visitors annually. The property is just 1.5 miles from HCA Florida Lutz Emergency Room, and 4.5 miles from Tampa Premium Outlets, with over 110 stores with brands like Tommy Hilfiger, Adidas, Michael Kors and more. Other surrounding national retailers include Walmart Supercenter, Lowe’s, Publix Supermarket, Crunch Fitness, Belk, Big Lots, Tractor Supply Company, Mattress Firm, AT&T Store, T-Mobile, Wells Fargo, Bank of America, AutoZone, Pep Boys, Starbucks, McDonald’s, Taco Bell, Panera Bread, Chili’s, Walgreens and many more.

Investment Highlights

  • Prime Outparcel to Village Lakes Shopping Center with Tenants Including Ross, Marshall's, Five Below, Beall's Outlet, YouFit Health Clubs, Pet Supplies Plus, and More
  • New, 15-Year, Triple Net (NNN) Lease
  • 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods
  • Brand New Location Currently Undergoing New Construction, Projected Opening December 30, 2022
  • Average Annual Household Income is $109,525 in One Mile, and $116,221 in Three Miles
  • Population Over 100,000 Within Five Miles of Subject Property
  • Access and Visibility to 61,500 Vehicles Daily on State Road 54; High Traffic Area, Located Off Land O' Lakes Boulevard with Nearly 50,000 Vehicles Daily
  • Other Surrounding National Retailers Include Walmart Supercenter, Lowe's, Publix Supermarket, Crunch Fitness, Belk, Big Lots, Tractor Supply Company, Mattress Firm, AT&T Store, T-Mobile, Wells Fargo, Bank of America, AutoZone, Pep Boys, Starbucks, McDonald's, Taco Bell, Panera Bread, Chili's, Walgreens and Many More

Exclusively Listed By

Drug Store

Liberty Health Cannabis Dispensary (Tampa MSA)

Listing Price: $4,125,000

Cap Rate
6.35%
Tenant Name
Liberty Health Sciences
Years Remaining On Lease
14.2
Guarantor
Corporate Guarantee
Rentable SF
4,029
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$65.00

Investment Highlights

  • Prime Outparcel to Village Lakes Shopping Center with Tenants Including Ross, Marshall's, Five Below, Beall's Outlet, YouFit Health Clubs, Pet Supplies Plus, and More
  • New, 15-Year, Triple Net (NNN) Lease
  • 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods
  • Brand New Location Currently Undergoing New Construction, Projected Opening December 30, 2022
  • Average Annual Household Income is $109,525 in One Mile, and $116,221 in Three Miles
  • Population Over 100,000 Within Five Miles of Subject Property
  • Access and Visibility to 61,500 Vehicles Daily on State Road 54; High Traffic Area, Located Off Land O' Lakes Boulevard with Nearly 50,000 Vehicles Daily
  • Other Surrounding National Retailers Include Walmart Supercenter, Lowe's, Publix Supermarket, Crunch Fitness, Belk, Big Lots, Tractor Supply Company, Mattress Firm, AT&T Store, T-Mobile, Wells Fargo, Bank of America, AutoZone, Pep Boys, Starbucks, McDonald's, Taco Bell, Panera Bread, Chili's, Walgreens and Many More

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Liberty Health Sciences Cannabis Dispensary located in Land O' Lakes, FL. This location offers a new, 15-year, triple net (NNN) lease with ten percent rent increases every five years. This is a brand-new location with projected opening December 30, 2022. Ayr Wellness completed the acquisition of Liberty Health Sciences in an all-stock transaction on February 26, 2021 which provides a significant credit enhancement. The subject property is located along a strong retail corridor and is a prime outparcel to Village Lakes Shopping Center with tenants including Ross, Marshall’s, Five Below, Beall’s Outlet, YouFit Health Clubs, Pet Supplies Plus, and more. The property also offers excellent access and visibility to more than 61,500 vehicles daily off State Road 54. The population within five miles is over 100,000 with an average household income of $116,221 within three miles. Liberty Health Sciences is a part of the Tampa-St. Petersburg-Clearwater, Florida metropolitan area which contains roughly 3.2 million residents. The Tampa area has over one million visitors annually. The property is just 1.5 miles from HCA Florida Lutz Emergency Room, and 4.5 miles from Tampa Premium Outlets, with over 110 stores with brands like Tommy Hilfiger, Adidas, Michael Kors and more. Other surrounding national retailers include Walmart Supercenter, Lowe’s, Publix Supermarket, Crunch Fitness, Belk, Big Lots, Tractor Supply Company, Mattress Firm, AT&T Store, T-Mobile, Wells Fargo, Bank of America, AutoZone, Pep Boys, Starbucks, McDonald’s, Taco Bell, Panera Bread, Chili’s, Walgreens and many more.

Exclusively Listed By

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