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10615 E Colonial Dr
Orlando, FL 32817
Mint - Orlando, FL · Retail Property For Sale
Investment Highlights
- Triple Net (NNN) Lease structure with the tenant responsible for taxes, insurance, and CAM, resulting in minimal landlord responsibilities.
- Long-term lease with upside, featuring a lease expiration in September 2029 (3+ years remaining), 2, 5-year renewal options.
- High-traffic Orlando corridor located on E Colonial Drive, a major retail thoroughfare with strong visibility and access.
- Established cannabis tenant (Mint) operating at the location with an established footprint in Florida’s growing medical cannabis market.
- An additional income stream from a billboard lease generates approximately $7,460 annually, boosting overall NOI.
- Mint has submitted a permit for new signage at the property.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 4,723 SF Mint Cannabis Dispensary located at 10615 E Colonial Drive in Orlando, FL. This deal includes a net-leased retail asset with an established tenant in a high-growth industry, offering passive income and long-term upside, and the property is secured by an Triple Net (NNN) Lease structure, with the tenant responsible for taxes, insurance, and common area maintenance, resulting in minimal landlord responsibilities and a management-free investment.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,723 SF
Building Class
C
Year Built/Renovated
1987/2019
Price
$2,421,472
Price Per SF
$512.70
Cap Rate
7%
NOI
$169,503
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.86 AC
Zoning
C-1
Parking
50 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
114’ on Colonial Dr
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 17-2231-8826-00-030 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,470,829 |
Property Taxes
Parcel Number
17-2231-8826-00-030
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,470,829
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