1260 Malabar Rd SE | Palm Bay, FL 32907
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1260 Malabar Rd SE
Palm Bay, FL 32907
SUNNYSIDE CANNABIS DISPENSARY · Retail Property For Sale
Investment Highlights
- ABSOLUTE NNN LEASE: There are zero landlord responsibilities, making it a great investment opportunity for a passive investor.
- ATTRACTIVE RENTAL INCREASE 3% Annual Rental Increases, providing investors with a hedge against inflation.
- Subject property fronts Malabar Rd, which sees ±49,000 Vehicles Per Day.
- LONG-TERM LEASE: There are ±9 Years remaining on the base term of the lease, providing stability and security for investors.
- Cresco Labs Inc, is operational in 8 states and currently has 72 Dispensaries, 13 production facilities, and 900,000 SF of cultivation.
- Subject property is +0.5 miles away from Exit 173 on I-95.
Property Facts
Property Type
Retail
Property Subtype
Building Size
4,500 SF
Building Class
C
Year Built
1986
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.07 AC
Zoning
CC, County
Parking
24 Spaces (5.33 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 29-37-04-00-00014.0-0000.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $616,960 |
Property Taxes
Parcel Number
29-37-04-00-00014.0-0000.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$616,960
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