Pulp Cannabis Dispensary Big Pine Key | 30964 Overseas Hwy
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Pulp Cannabis Dispensary Big Pine Key 30964 Overseas Hwy
1,600 SF Retail Building Big Pine Key, FL 33043 £1,201,843 (£751/SF) 6.25% Net Initial Yield
Investment Highlights
- Located on Overseas Highway
- NNN Leased
- Drive Through Window
Executive Summary
Keller Williams is pleased to offer for sale a 1,600 square foot, freestanding, NNN approved Cannabis Dispensary location.
This offering represents the opportunity to acquire a freestanding building, leased on a long-term triple net basis to an approved medical marijuana dispensary Tenant in the State of Florida.
The Property is located in Big Pine Key directly on Overseas Highway, with rarely available approved drive
through usage.
Deal Point Summary
Price: $1,536,000.00 (6.25% Cap Rate at Ask)
Address: 30964 Overseas Hwy Big Pine Key, FL 33043
SF 1,600
NNN Annual Rev. $96,000.00
Base Rent Escalations 3% Every Year
Lease Expiry September 30, 2038
Originally constructed in 1984, renovated in 2019, roof replaced in 2022
True NNN Lease with no Landlord responsibilities
Monroe County is considering building moratoriums along with restricted new construction permit issuance, mitigating
risk to existing location.
Drive through windows are now prohibited in the area, this location is approved for drive through usage
This offering represents the opportunity to acquire a freestanding building, leased on a long-term triple net basis to an approved medical marijuana dispensary Tenant in the State of Florida.
The Property is located in Big Pine Key directly on Overseas Highway, with rarely available approved drive
through usage.
Deal Point Summary
Price: $1,536,000.00 (6.25% Cap Rate at Ask)
Address: 30964 Overseas Hwy Big Pine Key, FL 33043
SF 1,600
NNN Annual Rev. $96,000.00
Base Rent Escalations 3% Every Year
Lease Expiry September 30, 2038
Originally constructed in 1984, renovated in 2019, roof replaced in 2022
True NNN Lease with no Landlord responsibilities
Monroe County is considering building moratoriums along with restricted new construction permit issuance, mitigating
risk to existing location.
Drive through windows are now prohibited in the area, this location is approved for drive through usage
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,600 SF
Building Class
B
Year Built
1984
Price
£1,201,843
Price Per SF
£751
Net Initial Yield
6.25%
NOI
£75,115
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Lot Size
0.47 AC
Zoning
Suburban Commercial - Suburban Commercial. The Future Land Use Map Designation (FLUM) for the subject property is Mixed Use/Commercial (MC).
Parking
25 Spaces (15.63 Spaces per 1,000 SF Leased)
Frontage
100 ft on Overseas Highway
Amenities
- 24 Hour Access
- Drive Thru
- Air Conditioning
Bike Score ®
Very Bikeable (79)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 00111310-000000 | Improvements Assessment | £134,175 |
| Land Assessment | £301,724 | Total Assessment | £435,899 |
PROPERTY TAXES
Parcel Number
00111310-000000
Land Assessment
£301,724
Improvements Assessment
£134,175
Total Assessment
£435,899
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Pulp Cannabis Dispensary Big Pine Key | 30964 Overseas Hwy
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