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Mint Cannabis 456 W Base St 2,450 SF Retail Building Madison, FL 32340 $1,079,096 ($440.45/SF) 8.85% Cap Rate
Investment Highlights
- Absolute NNN Lease: True triple-net lease structure with zero landlord responsibilities; tenant is fully responsible for real estate taxes, insurance,
- Experienced Multi-State Operator: Leased to Mint Cannabis, a well-established operator with a portfolio exceeding 30+ dispensaries across six states.
- Downtown Proximity: Positioned at the western gateway to downtown Madison, the property is surrounded by national retailers and service providers incl
- Annual Rent Increases: Fixed 2.5% annual rent escalations offer a reliable inflation hedge and support steady income growth over the lease term.
- Limited Competition: The subject property is one of only two dispensaries in Madison, FL. The limited local supply provides a significant competitive
- Excellent Access: Features multiple ingress and egress points, including right-in/right-out and left-in access, enhancing visibility and customer conv
Executive Summary
Broker of Record
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
2,450 SF
Building Class
C
Year Built
1966
Price
$1,079,096
Price Per SF
$440.45
Cap Rate
8.85%
NOI
$95,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.30 AC
Zoning
INC
Parking
7 Spaces (2.86 Spaces per 1,000 SF Leased)
Frontage
100’ on Base St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Allied Therapy Services LLC
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Allied Therapy Services LLC | Health Care and Social Assistance | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 00-00-00-3880-000-000 | Improvements Assessment | $58,095 |
| Land Assessment | $106,371 | Total Assessment | $164,466 |
Property Taxes
Parcel Number
00-00-00-3880-000-000
Land Assessment
$106,371
Improvements Assessment
$58,095
Total Assessment
$164,466
Contacts
-
Alexander Machado -
Jake Lurie -
Daniel Gonzalez -
Harrison Groom -
Matthews Real Estate Investment Services
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Mint Cannabis | 456 W Base St
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