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Drug Store

MÜV Cannabis Dispensary

7010 Cypress Terrace, Fort Myers, FL 33907

Listing Price: $4,250,000

Cap Rate
6.00%
Tenant Name
Plants of Ruskin d/b/a MUV Dispensary
Years Remaining On Lease
9.1
Guarantor
Corporate Guarantee
Rentable SF
3,328
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$76.62

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a brand-new MÜV medical cannabis dispensary in Fort Myers, FL. This is a new location which includes a drive-thru, and was recently renovated and newly opened. The property features a long-term triple-net (NNN) lease with two, five-year renewal options. The lease offers 2 percent annual rent increases in the base term and option periods. This medical marijuana dispensary features excellent access and visibility to more than 52,500 vehicles daily on Tamiami Trail/US Highway 41 and is part of a major retail corridor at the intersection of Tamiami Trail and Daniels Parkway with a combined traffic count of approx. 101,000 vehicles daily. This includes Bell Tower Mall, a landmark shopping, dining and entertainment destination, anchored by The Fresh Market, Bed Bath & Beyond, Dave & Buster’s and Regal Movie Theatre. Brands within walking distance of the dispensary include Walmart Supercenter, The Home Depot, Lowe’s, Costco Wholesale, The Fresh Market, Aldi, Home Goods, Staples, TJ Maxx, Ross, Michael’s, Target, Barnes & Noble, Petco, Beall’s, Starbucks, Longhorn Steakhouse, Fairfield Inn & Suites by Marriott and Many More. The surrounding area boasts an average household income of $85,859 in three miles and $95,897 in five miles, with a population of nearly 135,000 within a five-mile radius. The property is 1.5 Miles from Florida Southwestern State College with a total enrollment of more than 12,000 students, and less than two miles from Gulf Coast Medical Center, a four-star rated, 356-bed hospital. Three miles from the property is the Lee County Sports Complex, home of the Minnesota Twins spring training complex.

Investment Highlights

  • Long-Term, Triple Net Lease With Two Percent Annual Rent Increases Throughout Base Term and Option Periods
  • Property Includes a Drive-Thru Lane
  • Verano is a Top Five Multi-State Operator in the U.S. Based on Revenue, One of the Largest and Most Established in the Industry | Verano has 127 Operating Retail Locations and More Than 4,000 Employee
  • Excellent Access and Visibility to More Than 52,500 Vehicles Daily on Tamiami Trail/US Highway 41
  • Average Household Income is $85,859 in Three Miles of Property, and $95,897 in Five Miles
  • Population is Nearly 135,000 in a Five-Mile Radius
  • Part of a Major Retail Corridor at the Signalized Intersection of Tamiami Trail and Daniels Parkway With a Combined Traffic Count of Approx. 101,000 Vehicles Daily. Brands Within Walking Distance Include Walmart Supercenter, The Home Depot, Lowe's, Costco Wholesale, The Fresh Market, Aldi, Home Goods, Staples, TJ Maxx, Ross, Michael's, Target, Barnes & Noble, Petco, Beall's, Starbucks, Longhorn Steakhouse, Fairfield Inn & Suites by Marriott and Many More
  • Population is Forecasted to Double in Next 20 Years

Exclusively Listed By

Drug Store

MÜV Cannabis Dispensary

Listing Price: $4,250,000

Cap Rate
6.00%
Tenant Name
Plants of Ruskin d/b/a MUV Dispensary
Years Remaining On Lease
9.1
Guarantor
Corporate Guarantee
Rentable SF
3,328
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$76.62

Investment Highlights

  • Long-Term, Triple Net Lease With Two Percent Annual Rent Increases Throughout Base Term and Option Periods
  • Property Includes a Drive-Thru Lane
  • Verano is a Top Five Multi-State Operator in the U.S. Based on Revenue, One of the Largest and Most Established in the Industry | Verano has 127 Operating Retail Locations and More Than 4,000 Employee
  • Excellent Access and Visibility to More Than 52,500 Vehicles Daily on Tamiami Trail/US Highway 41
  • Average Household Income is $85,859 in Three Miles of Property, and $95,897 in Five Miles
  • Population is Nearly 135,000 in a Five-Mile Radius
  • Part of a Major Retail Corridor at the Signalized Intersection of Tamiami Trail and Daniels Parkway With a Combined Traffic Count of Approx. 101,000 Vehicles Daily. Brands Within Walking Distance Include Walmart Supercenter, The Home Depot, Lowe's, Costco Wholesale, The Fresh Market, Aldi, Home Goods, Staples, TJ Maxx, Ross, Michael's, Target, Barnes & Noble, Petco, Beall's, Starbucks, Longhorn Steakhouse, Fairfield Inn & Suites by Marriott and Many More
  • Population is Forecasted to Double in Next 20 Years

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a brand-new MÜV medical cannabis dispensary in Fort Myers, FL. This is a new location which includes a drive-thru, and was recently renovated and newly opened. The property features a long-term triple-net (NNN) lease with two, five-year renewal options. The lease offers 2 percent annual rent increases in the base term and option periods. This medical marijuana dispensary features excellent access and visibility to more than 52,500 vehicles daily on Tamiami Trail/US Highway 41 and is part of a major retail corridor at the intersection of Tamiami Trail and Daniels Parkway with a combined traffic count of approx. 101,000 vehicles daily. This includes Bell Tower Mall, a landmark shopping, dining and entertainment destination, anchored by The Fresh Market, Bed Bath & Beyond, Dave & Buster’s and Regal Movie Theatre. Brands within walking distance of the dispensary include Walmart Supercenter, The Home Depot, Lowe’s, Costco Wholesale, The Fresh Market, Aldi, Home Goods, Staples, TJ Maxx, Ross, Michael’s, Target, Barnes & Noble, Petco, Beall’s, Starbucks, Longhorn Steakhouse, Fairfield Inn & Suites by Marriott and Many More. The surrounding area boasts an average household income of $85,859 in three miles and $95,897 in five miles, with a population of nearly 135,000 within a five-mile radius. The property is 1.5 Miles from Florida Southwestern State College with a total enrollment of more than 12,000 students, and less than two miles from Gulf Coast Medical Center, a four-star rated, 356-bed hospital. Three miles from the property is the Lee County Sports Complex, home of the Minnesota Twins spring training complex.

Exclusively Listed By

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