3701 W Lake Mary Blvd - Freestanding FOR SALE
Lake Mary, FL 32746 |
$3,688,500 USD
561-427-6699
3701 W Lake Mary Blvd
Lake Mary, FL 32746
HIGHLIGHTS
- Drive-Thru equipped former bank branch
- Absolute Net lease provides passive ownership
- 10% rental increases provide inflation hedge and fee simple ownership allows for depreciation
- Guaranteed by AYR Wellness, leading vertically integrated MMTC with 83 dispensaries in 6 states
- Limited competition and high barriers to entry for cannabis dispensaries with $4.9M in average sales
- Florida's medical cannabis industry is #1 in the US with over $2.5 billion in annuals sales
FOR SALE DETAILS
PRICE
$3,688,500 USD
PRICE/SF
$1,106 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
AYR | 7.50% CAP | Affluent Orlando Mkt
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Drug Store, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1990
SPRINKLERS
-
PARKING SPACES
40
LAND DETAILS
LAND ACRES
0.9 AC
LAND SF
39,204 SF
ZONING
GC
APN/PARCEL ID
17-20-30-300-024K-0000
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561-427-6699
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561-427-6699
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