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Drug Store

Sunnyside Medical Cannabis Dispensary

1897 Del Prado Blvd S, Cape Coral, FL 33990

Listing Price: $4,522,000

Cap Rate
6.00%
Tenant Name
3 Boys Farm, LLC d/b/a Sunnyside
Years Remaining On Lease
8.7
Guarantor
Corporate Guarantee
Rentable SF
3,200
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$84.79

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a brand-new Sunnyside Medical Cannabis Dispensary in Cape Coral, FL. This is a new location which includes a drive-thru and was renovated by tenant in 2022 and recently opened. The property features a long-term triple-net (NNN) lease. The lease offers 2 percent annual rent increases in the base term and option periods. Cresco Labs has one of the biggest footprints in the U.S. and growing with 53 owned dispensaries across 10 States. This medical marijuana dispensary is located directly adjacent to a shopping center anchored by Publix, Ross and Dollar Tree, and features excellent access and visibility to more than 50,000 vehicles daily on Del Prado Boulevard, Cape Coral’s primary retail corridor. Surrounding national retailers include Walmart Supercenter, Publix, Aldi, HomeGoods, TJ Maxx, Beall’s, Ross, Staples, Planet Fitness, Pet Supermarket, Party City, Hobby Lobby, Applebee’s, Starbucks, Moe’s Southwest Grill, McDonald’s, Taco Bell, KFC, Chase Bank, Bank of America, Walgreens and many more. The surrounding area boasts an average household income of $83,296 in one mile of subject property and $84,360 in three miles, with a massive population density, nearly 185,000 in a five-mile radius. The property is located just two miles from Cape Coral Hospital, a 291-bed medical facility with more than 600 doctors and 1,200 employees, and 4.5 miles north of Downtown Cape Coral.

Investment Highlights

  • Located Directly Adjacent to Center Anchored by Publix, Ross and Dollar Tree
  • Long-Term, Triple Net (NNN) Lease
  • Two Percent Annual Rent Increases Throughout Base Term and Option Periods
  • Building Includes a Drive-Thru Lane
  • Cresco Labs Has One of the Biggest Footprints in the U.S. and Growing With 53 Owned Dispensaries Across 10 States | One of the Largest Vertically-Integrated Multi-State Cannabis Operators in the United States
  • Excellent Access and Visibility to More Than 50,000 Vehicles Daily on Del Prado Boulevard, Cape Coral's Primary Retail Corridor
  • Surrounding National Retailers Include Walmart Supercenter, Publix, Aldi, HomeGoods, TJ Maxx, Beall's, Ross, Staples, Planet Fitness, Pet Supermarket, Party City, Hobby Lobby, Applebee's, Starbucks, Moe's Southwest Grill, McDonald's, Taco Bell, KFC, Chase Bank, Bank of America, Walgreens and Many More
  • Cape Coral-Fort Myers Metro is One of the Fastest Growing Metro Markets in the U.S.

Exclusively Listed By

Drug Store

Sunnyside Medical Cannabis Dispensary

Listing Price: $4,522,000

Cap Rate
6.00%
Tenant Name
3 Boys Farm, LLC d/b/a Sunnyside
Years Remaining On Lease
8.7
Guarantor
Corporate Guarantee
Rentable SF
3,200
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$84.79

Investment Highlights

  • Located Directly Adjacent to Center Anchored by Publix, Ross and Dollar Tree
  • Long-Term, Triple Net (NNN) Lease
  • Two Percent Annual Rent Increases Throughout Base Term and Option Periods
  • Building Includes a Drive-Thru Lane
  • Cresco Labs Has One of the Biggest Footprints in the U.S. and Growing With 53 Owned Dispensaries Across 10 States | One of the Largest Vertically-Integrated Multi-State Cannabis Operators in the United States
  • Excellent Access and Visibility to More Than 50,000 Vehicles Daily on Del Prado Boulevard, Cape Coral's Primary Retail Corridor
  • Surrounding National Retailers Include Walmart Supercenter, Publix, Aldi, HomeGoods, TJ Maxx, Beall's, Ross, Staples, Planet Fitness, Pet Supermarket, Party City, Hobby Lobby, Applebee's, Starbucks, Moe's Southwest Grill, McDonald's, Taco Bell, KFC, Chase Bank, Bank of America, Walgreens and Many More
  • Cape Coral-Fort Myers Metro is One of the Fastest Growing Metro Markets in the U.S.

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a brand-new Sunnyside Medical Cannabis Dispensary in Cape Coral, FL. This is a new location which includes a drive-thru and was renovated by tenant in 2022 and recently opened. The property features a long-term triple-net (NNN) lease. The lease offers 2 percent annual rent increases in the base term and option periods. Cresco Labs has one of the biggest footprints in the U.S. and growing with 53 owned dispensaries across 10 States. This medical marijuana dispensary is located directly adjacent to a shopping center anchored by Publix, Ross and Dollar Tree, and features excellent access and visibility to more than 50,000 vehicles daily on Del Prado Boulevard, Cape Coral’s primary retail corridor. Surrounding national retailers include Walmart Supercenter, Publix, Aldi, HomeGoods, TJ Maxx, Beall’s, Ross, Staples, Planet Fitness, Pet Supermarket, Party City, Hobby Lobby, Applebee’s, Starbucks, Moe’s Southwest Grill, McDonald’s, Taco Bell, KFC, Chase Bank, Bank of America, Walgreens and many more. The surrounding area boasts an average household income of $83,296 in one mile of subject property and $84,360 in three miles, with a massive population density, nearly 185,000 in a five-mile radius. The property is located just two miles from Cape Coral Hospital, a 291-bed medical facility with more than 600 doctors and 1,200 employees, and 4.5 miles north of Downtown Cape Coral.

Exclusively Listed By

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