456 W Base St - Retail FOR SALE
Madison, FL 32340 |
$1,091,428 USD
305-905-3215
456 W Base St
Madison, FL 32340
HIGHLIGHTS
- Absolute NNN Lease: True triple-net lease structure with zero landlord responsibilities; tenant is fully responsible for real estate taxes, insurance,
- Annual Rent Increases: Fixed 2.5% annual rent escalations offer a reliable inflation hedge and support steady income growth over the lease term.
- Experienced Multi-State Operator: Leased to Mint Cannabis, a well-established operator with a portfolio exceeding 30+ dispensaries across six states.
- Limited Competition: The subject property is one of only two dispensaries in Madison, FL. The limited local supply provides a significant competitive
- Downtown Proximity: Positioned at the western gateway to downtown Madison, the property is surrounded by national retailers and service providers incl
- Excellent Access: Features multiple ingress and egress points, including right-in/right-out and left-in access, enhancing visibility and customer conv
FOR SALE DETAILS
PRICE
$1,091,428 USD
PRICE/SF
$546 USD /SF
CAP RATE
8.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Mint Cannabis
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1966
SPRINKLERS
-
PARKING SPACES
7
LAND DETAILS
LAND ACRES
0.3 AC
LAND SF
13,068 SF
ZONING
INC
APN/PARCEL ID
00-00-00-3880-000-000
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305-905-3215
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305-905-3215
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