Green Dragon Cannabis | 1500 US 41 S hwy
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Green Dragon Cannabis 1500 US 41 S hwy
3,454 SF Retail Building Inverness, FL 34450 £1,186,699 (£344/SF) 7.60% Net Initial Yield
Investment Highlights
- LEADING GROCERS: Tenant’s location sits 1 minute from Publix & Winn-Dixie
- ATTRACTIVE LEASE STRUCTURE: Buyer will enjoy 2.5% annual rental increases.
- CITRUS COUNTY GROWTH: Property is in direct line of US-41 Lane Expansion increasing traffic counts in front of the site
Executive Summary
STNL.com is pleased to present this 100% fee simple single-tenant Green Dragon Cannabis dispensary in Inverness, FL. This 3,424/SF triple net property is located in proximity to leading grocers in Publix and Winn-Dixie. These grocers enjoy a sizable portion of the Inverness market as there is only one Publix within 9-miles of the subject property. This is evident with the expansion of Publix’s parking lot to make way for increased consumer demand. Green Dragon’s is also set to benefit from its location along US-41 and the upcoming road-widening
project to make way for increased growth throughout the Inverness corridor. Additionally, the State of Florida has realized the potential for
future development in Inverness and has pledged a total of $35M for development projects including the aforementioned road-widening
project and the construction of a brand-new Airport Business Park set to create over 700 high paying jobs.
This property can be acquired for $1,550,000. The initial term on this single tenant offering is 10 years in length and runs through September of 2033. The lease also calls for two and a half percent (2.5%) rental increases including through the option periods. Through the balance of the lease the owner will enjoy a 8.11% blended CAP rate
project to make way for increased growth throughout the Inverness corridor. Additionally, the State of Florida has realized the potential for
future development in Inverness and has pledged a total of $35M for development projects including the aforementioned road-widening
project and the construction of a brand-new Airport Business Park set to create over 700 high paying jobs.
This property can be acquired for $1,550,000. The initial term on this single tenant offering is 10 years in length and runs through September of 2033. The lease also calls for two and a half percent (2.5%) rental increases including through the option periods. Through the balance of the lease the owner will enjoy a 8.11% blended CAP rate
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
3,454 SF
Year Built/Renovated
1984/2023
Price
£1,186,699
Price Per SF
£344
Net Initial Yield
7.60%
NOI
£90,189
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Lot Size
0.63 AC
Zoning
C - Commercial
Frontage
228 ft on U.S. 41
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 20E-19S-18-0050-D0030-0013 | Improvements Assessment | £248,409 |
| Land Assessment | £125,281 | Total Assessment | £373,690 |
PROPERTY TAXES
Parcel Number
20E-19S-18-0050-D0030-0013
Land Assessment
£125,281
Improvements Assessment
£248,409
Total Assessment
£373,690
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Green Dragon Cannabis | 1500 US 41 S hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.