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Cureleaf 3218 S US Highway 1

29,185 SF Retail Building Fort Pierce, FL 34982 £2,411,878 (£83/SF) 7% Net Initial Yield

Investment Highlights

  • If purchased as a portfolio, each of the four properties coterminous master leases are tied together through a common thread defined term provision
  • Curaleaf is one of the largest cannabis operators in the country operating over 145 dispensaries and 18 cultivation facilities across 17 states.
  • There are zero landlord responsibilities, making it a great investment opportunity for a passive investor.
  • 3.00% Annual Rental Increases providing investors with a hedge against inflation.

Executive Summary

BROKER OF RECORD

Kyle Matthews
License No. CQ1066435 (FL)

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
29,185 SF
Building Class
C
Year Built/Renovated
1976/2018
Price
£2,411,878
Price Per SF
£83
Net Initial Yield
7%
NOI
£168,832
Tenancy
Single
Number of Floors
1
Building FAR
1.00
Land Acres
0.67 AC
Zoning
C3 - Commercial Business
Parking
34 Spaces (3.26 Spaces per 1,000 SF Leased)
Frontage
122 ft on S US Highway One

Amenities

  • Bus Route
  • Signage

Links

1 of 1

PROPERTY TAXES

Parcel Number 24-27-123-0013-0205 Improvements Assessment £1,059,548
Land Assessment £136,339 Total Assessment £1,195,887

PROPERTY TAXES

Parcel Number
24-27-123-0013-0205
Land Assessment
£136,339
Improvements Assessment
£1,059,548
Total Assessment
£1,195,887
(305) 359-5207

  • Listing ID: 32287520

  • Date on Market: 28/06/2024

  • Last Updated:

  • Address: 3218 S US Highway 1, Fort Pierce, FL 34982

The Retail Property at 3218 S US Highway 1, Fort Pierce, FL 34982 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

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Cureleaf | 3218 S US Highway 1
(305) 359-5207 x

Cureleaf | 3218 S US Highway 1

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Alexander Machado

(305) 359-5207

(305) 359-5207

Daniel Gonzalez

(305) 395-6972

(305) 395-6972

Rob Goldberg

(954) 237-4510

(954) 237-4510

Ben Snyder

(216) 503-3607

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