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

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Ayr Wellness Dispensary Package

2 Retail Properties Offered at £3,175,098 in Multiple Locations

Investment Highlights

  • Centrally located in a retail corridor with national retailers: excellent synergy with nearby businesses (Walgreens, Ross, Home Depot, Lowe's).
  • Strong sales performance required an increase in the market: only 1 competitor within a 4-mile radius.
  • Multiple high traffic intersections within 1,000 feet: visibility to over 85,000 daily drivers.

Executive Summary

This investment opportunity presents newly constructed freestanding retail buildings featuring operational drive-thru facilities. The properties are secured by a 15-year absolute NNN lease, providing long-term stability and minimal management responsibilities for the investor. The buildings are set to be delivered in September 2024 and January 2025, offering a staggered entry into the market. The lease terms include favorable 3% annual rent escalations, ensuring steady income growth over time. Notably, the absolute NNN structure eliminates all landlord obligations, creating a truly hands-off investment. The lease is further strengthened by a national corporate guarantee, significantly reducing tenant risk. These retail locations are strategically positioned in areas with limited competition, potentially leading to higher foot traffic and sales. The tenant is backed by an industry-leading multistate operator, adding another layer of security to the investment. This combination of new construction, strong lease terms, prime locations, and a reputable tenant makes these properties an attractive option for investors seeking stable, long-term retail assets.

Property Facts

Price £3,175,098
Price / SF £871.08 / SF
Sale Conditions Portfolio Sale
Net Initial Yield 7.50%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 3,645 SF
Total Land Area 1.06 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
880 Lane Ave S, Jacksonville, FL 32205 Retail 2,045 SF 1983 -
4455 Mobile Highway
4455 Mobile Hwy, Pensacola, FL 32506
Retail 1,600 SF 1977 -
Show More > < Show Less
  • Listing ID: 32207877

  • Date on Market: 21/06/2024

  • Last Updated:

  • Address: Ayr Wellness Dispensary Package, Jacksonville, FL

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}