100 Madrid Blvd - Storefront Retail/Office FOR SALE


Punta Gorda, FL 33950
$2,415,000 USD
689-666-9560
100 Madrid Blvd, Punta Gorda, FL for Sale
$2,415,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | 7.25% Cap Rate

100 Madrid Blvd
Punta Gorda, FL 33950


HIGHLIGHTS

  • Publix & The Home Depot Outparcel
  • Average 3-Mile $HHI of $112,000
  • Passive Investment with Inflationary Hedge

OVERVIEW

STNL.com is pleased to present this 100% fee simple single tenant Curaleaf in Punta Gorda, FL, located in the heart of several expansive development projects. Three reasons to own this property include 1. Publix & The Home Depot Outparcel: The bustling Publix anchored Burnt Store Marketplace is directly adjacent to Curaleaf, the busiest shopping center within a ten-minute drive. Notably, the co-anchor, The Home Depot, is a corporately-owned location. 2.Affluent Customer Base: Within three miles of the Curaleaf, the average household income is over $112,000 and with only one other dispensary within five miles, the affluent demographic have few dispensary options to choose from. 3. Passive Investment & Inflation Hedge: The Tenant just began their initial 10-year NNN lease that includes annual 3% rent increases and 2, 5-year options offering you the landlord a hands off investment that serves as a hedge against inflation.

FOR SALE DETAILS

PRICE

$2,415,000 USD

PRICE/SF

$441 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Curaleaf Cannabis Dispensary

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,210 SF

ZONING

HC

APN/PARCEL ID

41-23-20-426-003

ASK ABOUT THIS PROPERTY

Mark ThompsonSTNL.comMore Info
689-666-9560

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Mark ThompsonSTNL.comMore Info
689-666-9560

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.