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| Price $2,207,143 | Built/Renov 1968/2023 | Tenant Venu Flower Collective |
| Cap Rate 7.00% | Lease Type
NN+ | Guarantor Corporate |
| Size/SF
1,840
| Lease Start
07-15-2023
| #Units
3
|
| Price/SF $1,199.53 | Expiration
07-31-2033
| Tenant Type General Retail |
| NOI $154,500 | R. Term 8.9 | Ownership Fee Simple |
| Rent/SF
$83.97
| Increases 3.0%/1/yrs | Pop 5Mi 81,095 |
| Lot/AC 0.58 | Options 1/5yrs/3% | AHHI 5Mi $120,638 |
| | |
Venu Flower Collective is strategically located on Washington Street, the primary commercial corridor, with access to 28,200 vehicles passing by daily. The property benefits from excellent frontage and visibility as an outparcel to a Home Depot-anchored shopping center, surrounded by national retailers such as Big Lots, Petco, Staples, McDonald’s, and more. Additionally, it is situated just...
...Recent renovation
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Top 100 MSA
Affluent AHHI $100K 5 Mi
Limited competition
Favorable NN+ lease
Annual rent increases
Personal guarantee
Venu Flower Collective is a cannabis company based in Middletown, Connecticut, specializing in high-quality cannabis products for both medical and recreational consumers. Owned by Bluepoint...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
