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Sanctuary Dispensary 10064 W Indiantown Rd 3,120 SF 100% Leased Retail Building Jupiter, FL 33478 $3,088,575 ($989.93/SF) 8% Cap Rate
Investment Highlights
- Recently Extended, Absolute NNN w/ Annual Increases
- Outparcel to Publix Anchored Center
- Leading Vertically Integrated, Multi-State Operator
- Miami MSA
- Extremely Affluent Demographics
- Proximity to Riverbend Park
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Sanctuary Dispensary property located in Jupiter, Florida (the “Property”). Sanctuary is operating under a 10-year, absolute NNN lease with zero landlord responsibilities, offering a truly passive investment. The lease also features 2.33% annual rent escalations throughout the base and option terms, providing investors with a boost to overall cash flows and a significant hedge against inflation.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,120 SF
Building Class
B
Year Built
2004
Price
$3,088,575
Price Per SF
$989.93
Cap Rate
8%
NOI
$247,086
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.51 AC
Zoning
LO - Limited Office
Parking
27 Spaces (8.65 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00-41-41-01-05-001-0200 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,012,892 |
Property Taxes
Parcel Number
00-41-41-01-05-001-0200
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,012,892
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Sanctuary Dispensary | 10064 W Indiantown Rd
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