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DOM: 393 Updated: 11.25.24 Posted: 04.16.24 Status: Active 04.16.24

Summary

Price $2,560,000
Built/Renov 1990/2022
Tenant Curaleaf
Cap Rate 6.30%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 4,621
Lease Start 05-01-2022
#Units 147
Price/SF $553.99
Expiration 05-01-2032
Tenant Type Medical/Health
NOI $161,262
R. Term 6.11
Ownership Fee Simple
Rent/SF $34.90
Increases 2.0%/1/yrs
Pop 5Mi 63,283
Lot/AC 0.82
Options 2/5yrs/3%
AHHI 5Mi $74,013

Lease Highlights

  • New 2022 renovation
  • Brand-new 10-year lease with 2 (5-year) options to extend
  • Lease features 2% annual rent increases in the base term, and 3% annual increases in each option
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee by Curaleaf Holdings, Inc., the world's largest cannabis company by revenue 

Location Description

Curaleaf is strategically located at the signalized, hard corner intersection of SE Maricamp Road and Bahia Road which sees 14,300 vehicles passing daily. The sire is outparcel to Shores Landing, a 300,000+ SF Family Dollar and Save A Lot shopping center. Maricamp Road is a primary retail corridor serving the city of Ocala that includes several national/credit tenants such as ALDI, Walmart...

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Maps

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Tenant

  • Tenant: Curaleaf
  • Guarantor:Corp Traded
  • Company:Curaleaf Holdings, Inc.
  • # Units:147
  • Stock: CNSX: CURA

About Tenant

Curaleaf Holdings, Inc., (CNSX: CURA) dba Curaleaf, is a leading international provider of consumer products in cannabis. The high-growth cannabis company, and its brands, including Curaleaf and...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,703 31,414 65,482
2023 Total Population : 6,582 30,186 63,984
2023 Employed Civilian Pop : 2,835 12,653 27,634
2023 Total Businesses : 120 436 1,455
2023 Average Household Income : $ 65,357 $ 72,541 $ 79,325
2023 Total Consumer Spending : $ 134 M $ 703 M $ 1717 M
2023 Median Age : 37 37 42
2023 Total Households : 2,350 11,136 24,833
2023 Pop Age 25+: Bachelor's Degree : 457 2,230 6,545
2023 Average Home Value : $ 176,820 $ 239,571 $ 237,964
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
OAK RD Cedar Way 2021 14,500 0.31 mi
Southeast Maricamp Road Cedar Way 2020 14,300 0.31 mi
Silver Road Bahia Track Trl 2021 1,650 0.72 mi
Spring Road Spring Loop Cir 2021 1,900 0.92 mi
Bahia Road SE 62nd Loop 2021 3,000 0.96 mi
Pine Road Dogwood Rd 2021 3,500 1.39 mi
Southeast 58th Avenue Aspen Rd 2021 27,000 1.94 mi
SE Hwy 464 SE 79th Ave Rd 2008 12,300 1.96 mi
Oak Rd SE Hwy 464 2008 2,700 2.12 mi
Southeast 64th Avenue Road Pecan Rd 2021 7,100 2.19 mi

Listing Broker

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William Wamble

SRS National Net Lease Group

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  • 186 Listings
  • 39722 Views
  • 69 Sold
Patrick Nutt

SRS National Net Lease Group

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  • 262 Listings
  • 49780 Views
  • 117 Sold

Will Wamble joined SRS in early 2019 and specializes in the advisory and sale of net leased properties, specifically in the Southeast. With more than $350M worth of transactional experience in his career, Will prides himself on valuing hard work and dedication to his clients. Will emphasizes collaboration and putting the best team together to find creative solutions to getting transactions completed. He started his commercial real estate career in 2013 with Marcus & Millichap where he focus

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Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

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