About This Restaurant
Investment Highlights
LONG TERM LEASE ? There are over 9 Years remaining on the base term of the lease, providing stability and security for investors. PASSIVE CASH FLOW ? Limited Landlord responsibilities as the Roof and HVAC were replaced before the Tenant began operations. LARGE LOT AND AMPLE PARKING ? The property sits on 1.03 Acres and houses 28 parking spots. ATTRACTIVE RENTAL INCREASES ? 2.00% Annual rental increases, providing investors with a hedge against inflation. Green Thumb Industries Inc (GTI) currently has +8 product brands, +90 dispensaries and +20 manufacturing facilities across 15 different states. The subject property sits on the hard signalized intersection of W Gulf to Lake Hwy (+31,500 VPD) and N Joyner Terrace.
Executive Summary
Kyle MatthewsLicense No. CQ1066435 (FL)(866) 889-0550Matthews Real Estate Investment Services1600 West End Ave,Suite 1500 Nashville, TN 37203
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Restaurant
- Building Size 1,851
- Building Class C
- Year Built 2006
- Price 1,714,285
- Price Per SF 926
- Cap Rate 7
- NOI 120,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.04
- Land Acres 1.03 AC
Property Taxes
| Parcel Number | 17E-18S-22-0030-00000-0063 | Improvements Assessment | $296,870 |
| Land Assessment | $350,220 | Total Assessment | $647,090 |
| Date Created: | 2024-07-16 04:13:31 | Last Updated: | 2024-07-16 04:13:31 |
| Address: | 1208 NE 5th St , Crystal River, Florida, 34429 | ||