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Mint Cannabis 456 W Base St 2,450 SF Office Building Madison, FL 32340 $1,522,760 CAD ($621.53 CAD/SF) 8.75% Cap Rate

Medical Offices Florida Madison 456 W Base St, Madison, FL 32340

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INVESTMENT HIGHLIGHTS

  • Absolute NNN Lease: True triple-net lease structure with zero landlord responsibilities; tenant is fully responsible for real estate taxes, insurance,
  • Experienced Multi-State Operator: Leased to Mint Cannabis, a well-established operator with a portfolio exceeding 30+ dispensaries across six states.
  • Downtown Proximity: Positioned at the western gateway to downtown Madison, the property is surrounded by national retailers and service providers incl
  • Annual Rent Increases: Fixed 2.5% annual rent escalations offer a reliable inflation hedge and support steady income growth over the lease term.
  • Limited Competition: The subject property is one of only two dispensaries in Madison, FL. The limited local supply provides a significant competitive
  • Excellent Access: Features multiple ingress and egress points, including right-in/right-out and left-in access, enhancing visibility and customer conv

EXECUTIVE SUMMARY

Broker of Record
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
2,450 SF
Building Class
C
Year Built
1966
Price
$1,522,760 CAD
Price Per SF
$621.53 CAD
Cap Rate
8.75%
NOI
$133,242 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,450 SF
Building FAR
0.19
Lot Size
0.30 AC
Zoning
INC
Parking
7 Spaces (2.86 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Allied Therapy Services LLC
  • Health Care and Social Assistance
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Allied Therapy Services LLC Health Care and Social Assistance - - -

LINKS

1 1

PROPERTY TAXES

Parcel Number 00-00-00-3880-000-000 Improvements Assessment $79,353 CAD
Land Assessment $135,385 CAD Total Assessment $214,738 CAD

PROPERTY TAXES

Parcel Number
00-00-00-3880-000-000
Land Assessment
$135,385 CAD
Improvements Assessment
$79,353 CAD
Total Assessment
$214,738 CAD
(305) 905-3215

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 38626401

  • Date on Market: 2025-12-02

  • Last Updated:

  • Address: 456 W Base St, Madison, FL 32340

The Office Property at 456 W Base St, Madison, FL 32340 is currently available for Sale. Contact Matthews Real Estate Investment Services for more information.

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Mint Cannabis | 456 W Base St
(305) 905-3215 x

Mint Cannabis | 456 W Base St

Alexander Machado
(305) 905-3215

Jake Lurie
(813) 488-0853

Daniel Gonzalez
(305) 395-6972

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