Ayr Wellness Dispensary Package
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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 | Status | Active |
Price / SF | £871.08 / SF | Number of Properties | 2 |
Sale Conditions | Portfolio Sale | Individually For Sale | 0 |
Net Initial Yield | 7.50% | Total Building Size | 3,645 SF |
Sale Type | Investment | Total Land Area | 1.06 AC |
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 | - |
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Florida Commercial Solutions
Ayr Wellness Dispensary Package
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