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Drug Store

Sunnyside Medical Cannabis Dispensary (Fort Lauderdale MSA)

6001 N University Dr, Tamarac, FL 33321

Listing Price: $5,500,000

Cap Rate
6.00%
Tenant Name
3 Boys Farm, LLC d/b/a Sunnyside
Years Remaining On Lease
9.7
Guarantor
Corporate Guarantee
Rentable SF
4,936
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$66.86

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a brand-new Sunnyside Medical Cannabis Dispensary in Tamarac, FL. This is a new location currently being renovated by tenant and scheduled to open Summer 2023. The building includes multiple drive-thru lanes used by a former bank. The property features a 10-year triple-net (NNN) lease. The lease offers three percent annual rent increases throughout base term and option periods. Cresco Labs has one of the biggest footprints in the U.S. and growing with 55 owned dispensaries across 10 States. This medical marijuana dispensary is located in a high traffic area with excellent access and visibility to approximately 61,000 vehicles daily on University Drive and within close proximity to the Sawgrass Expressway, a major roadway in the area and has a daily traffic count of more than 91,000 vehicles. The property is directly adjacent to a plaza anchored by AutoZone, Applebee’s, and Family Dollar. Other surrounding national retailers include Publix Supermarket, Five Below, Ross, Burlington, Rent-A-Center, Pet Supermarket, PetSmart, Staples, Planet Fitness, Staples, Truist Bank, Dollar Tree, Mattress Firm, Advance Auto Parts, First Watch, Chick-fil-A, Chipotle, McDonald’s, KFC, Jersey Mike’s, Denny’s, Taco Bell, Dunkin Donuts, Starbucks, CVS and many more. The surrounding area boasts a population of over 430,000 within a five-mile radius. The property is located within walking distance from a brand-new apartment complex which is under construction and will feature 529 apartment units. The property is also within five miles from Broward Health Coral Springs, a 250-bed hospital staffed by over 1,800 doctors and 8,000 healthcare professionals.

Investment Highlights

  • New, 10-Year, Triple Net (NNN) Lease
  • Brand New Location, Property is Being Renovated by Tenant and Scheduled to Open Summer 2023
  • Three Percent Annual Rent Increases Throughout Base Term and Option Periods
  • Building Includes Multiple Drive-Thru Lanes Used by Former Bank
  • Cresco Labs Has One of the Biggest Footprints in the U.S. and Growing With 55 Owned Dispensaries Across 10 States
  • High Traffic Area, Excellent Access and Visibility to Approx. 61,000 Vehicles Daily on University Drive | Close Proximity to the Sawgrass Expressway, a Major Roadway in the Area and has a Daily Traffic Count of More Than 91,000 Vehicles
  • Adjacent to Plaza Anchored by AutoZone, Applebee's and Family Dollar | Walking Distance from a Brand-New Apartment Complex Featuring 529 Apartments, Under Construction, Broke Ground in Aug. 2022
  • Other Surrounding National Retailers Include Publix Supermarket, Five Below, Ross, Burlington, Rent-A-Center, Pet Supermarket, PetSmart, Staples, Planet Fitness, Staples, Truist Bank, Dollar Tree, Mattress Firm, Advance Auto Parts, First Watch, Chick-fil-A, Chipotle, McDonald's, KFC, Jersey Mike's, Denny's, Taco Bell, Dunkin Donuts, Starbucks, CVS and Many More

Exclusively Listed By

Drug Store

Sunnyside Medical Cannabis Dispensary (Fort Lauderdale MSA)

Listing Price: $5,500,000

Cap Rate
6.00%
Tenant Name
3 Boys Farm, LLC d/b/a Sunnyside
Years Remaining On Lease
9.7
Guarantor
Corporate Guarantee
Rentable SF
4,936
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$66.86

Investment Highlights

  • New, 10-Year, Triple Net (NNN) Lease
  • Brand New Location, Property is Being Renovated by Tenant and Scheduled to Open Summer 2023
  • Three Percent Annual Rent Increases Throughout Base Term and Option Periods
  • Building Includes Multiple Drive-Thru Lanes Used by Former Bank
  • Cresco Labs Has One of the Biggest Footprints in the U.S. and Growing With 55 Owned Dispensaries Across 10 States
  • High Traffic Area, Excellent Access and Visibility to Approx. 61,000 Vehicles Daily on University Drive | Close Proximity to the Sawgrass Expressway, a Major Roadway in the Area and has a Daily Traffic Count of More Than 91,000 Vehicles
  • Adjacent to Plaza Anchored by AutoZone, Applebee's and Family Dollar | Walking Distance from a Brand-New Apartment Complex Featuring 529 Apartments, Under Construction, Broke Ground in Aug. 2022
  • Other Surrounding National Retailers Include Publix Supermarket, Five Below, Ross, Burlington, Rent-A-Center, Pet Supermarket, PetSmart, Staples, Planet Fitness, Staples, Truist Bank, Dollar Tree, Mattress Firm, Advance Auto Parts, First Watch, Chick-fil-A, Chipotle, McDonald's, KFC, Jersey Mike's, Denny's, Taco Bell, Dunkin Donuts, Starbucks, CVS and Many More

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a brand-new Sunnyside Medical Cannabis Dispensary in Tamarac, FL. This is a new location currently being renovated by tenant and scheduled to open Summer 2023. The building includes multiple drive-thru lanes used by a former bank. The property features a 10-year triple-net (NNN) lease. The lease offers three percent annual rent increases throughout base term and option periods. Cresco Labs has one of the biggest footprints in the U.S. and growing with 55 owned dispensaries across 10 States. This medical marijuana dispensary is located in a high traffic area with excellent access and visibility to approximately 61,000 vehicles daily on University Drive and within close proximity to the Sawgrass Expressway, a major roadway in the area and has a daily traffic count of more than 91,000 vehicles. The property is directly adjacent to a plaza anchored by AutoZone, Applebee’s, and Family Dollar. Other surrounding national retailers include Publix Supermarket, Five Below, Ross, Burlington, Rent-A-Center, Pet Supermarket, PetSmart, Staples, Planet Fitness, Staples, Truist Bank, Dollar Tree, Mattress Firm, Advance Auto Parts, First Watch, Chick-fil-A, Chipotle, McDonald’s, KFC, Jersey Mike’s, Denny’s, Taco Bell, Dunkin Donuts, Starbucks, CVS and many more. The surrounding area boasts a population of over 430,000 within a five-mile radius. The property is located within walking distance from a brand-new apartment complex which is under construction and will feature 529 apartment units. The property is also within five miles from Broward Health Coral Springs, a 250-bed hospital staffed by over 1,800 doctors and 8,000 healthcare professionals.

Exclusively Listed By

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