1260 Malabar Rd SE - Drug Store FOR SALE
Palm Bay, FL 32907 |
1260 Malabar Rd SE
Palm Bay, FL 32907
HIGHLIGHTS
- ABSOLUTE NNN LEASE: There are zero landlord responsibilities, making it a great investment opportunity for a passive investor.
- LONG-TERM LEASE: There are ±9 Years remaining on the base term of the lease, providing stability and security for investors.
- ATTRACTIVE RENTAL INCREASE 3% Annual Rental Increases, providing investors with a hedge against inflation.
- Cresco Labs Inc, is operational in 8 states and currently has 72 Dispensaries, 13 production facilities, and 900,000 SF of cultivation.
- Subject property fronts Malabar Rd, which sees ±49,000 Vehicles Per Day.
- Subject property is +0.5 miles away from Exit 173 on I-95.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
SUNNYSIDE CANNABIS DISPENSARY
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Storefront, Medical
TOTAL BUILDING SIZE
4500
STORIES
1
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
24
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
29-37-04-00-00014.0-0000.00
