loader
Join Free
Views: 49 DOM: 72 Updated: 11.11.24 Posted: 09.04.24 Status: Active

Summary

Price $3,628,000
Built/Renov 1971/2022
Tenant MÜV Dispensary
Cap Rate 6.50%
Lease Type Double NN
Guarantor Corp Traded
Size/SF 3,481
Lease Start 10-19-2021
#Units 77
Price/SF $1,042.23
Expiration 04-30-2032
Tenant Type General Retail
NOI $235,835
R. Term 7.5
Ownership Fee Simple
Rent/SF $67.75
Increases 3.0%/1/yrs
Pop 5Mi 285,256
Lot/AC 0.22
Options 2/5yrs/3%
AHHI 5Mi $154,827

Lease Highlights

  • MÜV Dispensary has 7+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 3% annual rental increases throughout the initial term and option periods
  • NN lease | Limited landlord responsibilities 
  • Corporate guaranteed lease

Location Description

The MÜV Dispensary is strategically located on SW 77th Avenue, with access to a substantial daily traffic count of 97,000 vehicles. Situated just off the Palmetto Expressway (101,000 VPD), the property enjoys convenient on/off ramp access. Additionally, it is just south of the Dadeland Mall, a prominent super-regional shopping center that ranks in the top 74% of all nationwide...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

MÜV Dispensary is a fully-integrated medical cannabis cultivator and dispensary based in Florida. MÜV Dispensaries by AltMed Florida was formed in 2016 through the partnership of AltMed...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity