3701 W Lake Mary Blvd | Lake Mary, FL 32746
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- LoopNet Team
3701 W Lake Mary Blvd
Lake Mary, FL 32746
AYR | 7.50% CAP | Affluent Orlando Mkt · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Drive-Thru equipped former bank branch
- 10% rental increases provide inflation hedge and fee simple ownership allows for depreciation
- Limited competition and high barriers to entry for cannabis dispensaries with $4.9M in average sales
- Absolute Net lease provides passive ownership
- Guaranteed by AYR Wellness, leading vertically integrated MMTC with 83 dispensaries in 6 states
- Florida's medical cannabis industry is #1 in the US with over $2.5 billion in annuals sales
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,333 SF
Building Class
B
Year Built/Renovated
1990/2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.90 AC
Zoning
GC - General Commercial
Parking
40 Spaces (12 Spaces per 1,000 SF Leased)
Frontage
192’ on W Lake Mary Blvd
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 17-20-30-300-024K-0000 | Improvements Assessment | $441,066 |
| Land Assessment | $637,800 | Total Assessment | $1,078,866 |
PROPERTY TAXES
Parcel Number
17-20-30-300-024K-0000
Land Assessment
$637,800
Improvements Assessment
$441,066
Total Assessment
$1,078,866
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