Sanctuary Dispensary 835 Belvedere Rd 2,814 SF Retail Building West Palm Beach, FL 33405 $5,361,300 ($1,905.22/SF) 7.25% Cap Rate

This offering presents a newly constructed, single-tenant retail property leased to Sanctuary Dispensary under a long-term, absolute NNN lease structure. The lease provides zero landlord responsibilities and includes annual rent increases, ensuring predictable income growth for investors. The property is priced at $5,361,300 with a 7.25% capitalization rate, delivering an attractive yield in a high-demand asset class. Constructed in 2026, the building reflects Sanctuary’s latest prototype design, featuring modern retail architecture, enhanced operational efficiency, and strong curb appeal. Located on Belvedere Road in West Palm Beach, the site benefits from excellent visibility and accessibility within a dense and growing market. The surrounding area includes a mix of residential neighborhoods, retail corridors, and major transportation routes, supporting consistent customer traffic. This investment combines the security of a long-term lease with a nationally recognized tenant and the advantages of new construction, making it a compelling opportunity for investors seeking stable cash flow and minimal management obligations.