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| Price $3,842,000 | Built/Renov 1990/2022 | Tenant AYR Cannabis |
| Cap Rate 7.20% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
3,335
| Lease Start
07-30-2022
| #Units
90
|
| Price/SF $1,152.02 | Expiration
07-30-2032
| Tenant Type Medical/Health |
| NOI $276,639 | R. Term 7.10 | Ownership Fee Simple |
| Rent/SF
$82.95
| Increases 10.0%/4/yrs | Pop 5Mi 158,669 |
| Lot/AC 0.69 | Options 2/5yrs/10% | AHHI 5Mi $111,932 |
| | |
The subject property is conveniently located, fronting W. Lake Mary Blvd. (63,800 VPD) near the signalized intersection with Rinehart Blvd (28,000 VPD). Lake Mary Blvd. intersects with and provides direct on and off ramp access to Interstate 4, which sees 161,500 vehicles passing by daily. This asset is located in a dense retail corridor with surrounding national credit tenants such as Publix,...
...Recent renovation
High traffic 50M+ VPD
Dense retail corridor
Freeway close
Top 100 MSA
Affluent AHHI $100K 5 Mi
Income tax free state
Absolute NNN
Corporate Guarantee
Publicly traded company
AYR Wellness Inc. (CSE: AYR.A / OTC.AYRWF) is a vertically integrated, multi-state supplier of cannabis products operating as AYR Cannabis Dispensaries. Their focus is on high quality flowers and...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 10,174 | 65,569 | 162,235 |
| 2023 Total Population : | 10,072 | 63,688 | 158,669 |
| 2023 Employed Civilian Pop : | 6,257 | 36,047 | 85,504 |
| 2023 Total Businesses : | 937 | 3,867 | 9,061 |
| 2023 Average Household Income : | $ 109,725 | $ 120,659 | $ 111,932 |
| 2023 Total Consumer Spending : | $ 380 M | $ 2610 M | $ 5893 M |
| 2023 Median Age : | 41 | 41 | 40 |
| 2023 Total Households : | 4,048 | 25,299 | 61,231 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,725 | 13,805 | 30,476 |
| 2023 Average Home Value : | $ 374,607 | $ 404,161 | $ 393,262 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| W Lake Mary Blvd | Waymont Ct | 2012 | 42,443 | 0.25 mi |
| Rinehart Rd | Feather Edge Loop | 2012 | 22,932 | 0.43 mi |
| Lake Mary Boulevard | N 9th St | 2021 | 23,500 | 0.52 mi |
| West Lake Mary Boulevard | I- 4 | 2022 | 23,500 | 0.52 mi |
| Longwood Lake Mary Rd | Washington Ave | 2012 | 10,593 | 0.53 mi |
| West Lake Mary Boulevard | S Sun Dr | 2022 | 17,600 | 0.57 mi |
| Lake Mary Boulevard | S Sun Dr | 2020 | 19,600 | 0.57 mi |
| Greenwood Blvd | Canterbury Dr | 2012 | 8,051 | 0.68 mi |
| Greenwood Boulevard | Canterbury Dr | 2022 | 7,000 | 0.74 mi |
| Greenwood Boulevard | Mainsail Ct | 2021 | 6,900 | 0.74 mi |
Lewiston, NY
Cap Rate 6.25%
Lease NN+
R. Term 9.30 yrs
Size/SF 4,250
McKinney, TX
Cap Rate 6.25%
Lease Double NN
R. Term 9.60 yrs
Size/SF 3,530
St. Louis, MO
Cap Rate 6.50%
Lease NN+
R. Term 14.40 yrs
Size/SF 4,720
St. Louis, MO
Cap Rate 6.50%
Lease NN+
R. Term 13.10 yrs
Size/SF 5,050
Baltimore, MD
Cap Rate 7.00%
Lease Abs NNN
R. Term 5.00 yrs
Size/SF 9,028
Jackson, TN
Cap Rate 7.00%
Lease NN+
R. Term 7.11 yrs
Size/SF 16,192
Gulfport, MS
Cap Rate 7.50%
Lease NN+
R. Term 2.80 yrs
Size/SF 9,835
Myrtle Beach, SC
Cap Rate 7.46%
Lease Abs NNN
R. Term 7.30 yrs
Size/SF 12,448
Portsmouth, VA
Cap Rate 7.75%
Lease Abs NNN
R. Term 7.10 yrs
Size/SF 14,550
Hueytown, AL
Cap Rate 6.55%
Lease NN+
R. Term 13.60 yrs
Size/SF 6,984
Burton, MI
Cap Rate 6.50%
Lease Double NN
R. Term 10.20 yrs
Size/SF 10,900
Champaign, IL
Cap Rate 6.50%
Lease Double NN
R. Term 9.10 yrs
Size/SF 15,486
Baton Rouge, LA
Cap Rate 6.40%
Lease Abs NNN
R. Term 12.60 yrs
Size/SF 10,043
Baton Rouge, LA
Cap Rate 6.40%
Lease Abs NNN
R. Term 12.60 yrs
Size/SF 10,043
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
