Matthews Logo

Navigation Menu

1208 NE 5th St, Crystal River, FL, 34429

Rise Dispensary
Closed

Key Information

Type
Retail

Highlights

  • Long Term Lease
    There Are Over 8 Years Remaining on The Base Term of The Lease, Providing Stability and Security for Investors.
  • Attractive Rental Increases
    2.00% Annual Rental Increases, Providing Investors With a Hedge Against Inflation. Cap Rate Will Increase Roughly 15-20bps Each Year of Ownership.
  • Passive Cash Flow
    Limited Landlord Responsibilities as the Roof and Hvac Were Replaced Before the Tenant Began Operations. Tenant Pays for Taxes, Insurance, and Operating Expenses.
  • Corporate Guarantee
    Green Thumb Industries INC (Gti) Currently Has +8 Product Brands, +90 Dispensaries and +20 Manufacturing Facilities Across 15 Different States.
  • Large Lot and Ample Parking
    The Property Sits on ±1.03 Acres and Houses 28 Parking Spots. Whether Used for a Cannabis Dispensary OR Other Ventures, This Property Provides Substantial Fundamentals for Success.
  • Hard Signalized Corner With Excellent Access
    The Subject Property Sits on The Hard Signalized Intersection of W Gulf to Lake Hwy (+31,500 Vpd) and N Joyner Terrace. The Subject Property Has 3 Points of Full Access Surrounding The Parcel, Highlighting Its Strong Ingress and Egress.
  • Market Growth
    Crystal River is Experiencing a Surge IN Both Its Residential Community and Tourist Influx, Indicative of Its Growing Popularity and Appeal. Crystal River is Known for Several Unique Features and Attractions: Eco-Tourism, Three Sister Springs, Fishing, Scalloping, and Manatees. These Features Attract Retirement Communities Who Happen to Be Large Consumers of Cannabis (Medium Age IN a 5-Mile Radius IN 58).
  • Strong Retail Synergy
    Surrounded by Some of the Nation’S Largest Retailers (O’Reilly Auto Parts, Autozone, Publix, Jersey Mikes, Dollar General, Regions Bank, More.)

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203