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Green Dragon Cannabis 91 NE Us Hwy 19 4,163 SF Retail Building Crystal River, FL 34429 $2,246,315 CAD ($539.59 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Net Lease features minimal landlord responsibility
- Ten (10)-year initial lease term
- Net Lease features minimal landlord responsibility
- Rent escalation of three percent (3%) annually
EXECUTIVE SUMMARY
RMC is pleased to present this free-standing Green Dragon Cannabis located in Crystal River, Florida. Green Dragon Cannabis is situated at the SEC of Suncoast Blvd (US Hwy 19) and NE 1st Street. This net lease investment features an initial ten (10)-year lease term that requires minimal landlord responsibility for operating and capital expenditures. The lease includes an attractive three percent (3%)annual rent increases. The Green Dragon Cannabis open on July 7th 2023. Green Dragon Cannabis can be accessed by Suncoast Blvd (US Hwy 19) and NE 1st St. The intersection has a combined traffic count of 27,500 AADT.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,163 SF
Building Class
C
Year Built/Renovated
1964/2023
Price
$2,246,315 CAD
Price Per SF
$539.59 CAD
Cap Rate
7%
NOI
$157,242 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.44 AC
Zoning
CH - High Intensity Commercial
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 17E-18S-22-0020-00000-2150 | Improvements Assessment | $582,207 CAD |
| Land Assessment | $131,308 CAD | Total Assessment | $713,514 CAD |
PROPERTY TAXES
Parcel Number
17E-18S-22-0020-00000-2150
Land Assessment
$131,308 CAD
Improvements Assessment
$582,207 CAD
Total Assessment
$713,514 CAD
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Green Dragon Cannabis | 91 NE Us Hwy 19
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