MUV Cannabis Dispensary
7.00% CAP with 3% Annual Increases
Marketing description
RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 4250 S Washington Avenue, Titusville, FL, (the Property).
The Property is a licensed dispensary leased to MUV, a subsidiary of Verano Holdings Corp.
Located 10 miles from the Kennedy Space Center, the Space Coast hosts approximately 3 million tourists annually.
Investment highlights
No Landlord responsibilities - absolute NNN lease
3% annual rent increases, provides a hedge against inflation
Strategic location - signalized hard corner with approx. 29,000 VPD on S Washington Avenue
Recently renovated in 2022, has an existing double drive-thru
Growing Space Coasts demographics, Titusville developments include a 240-unit apartment complex; 100-unit senior housing; and 153-room hotel
Located 10 miles from the Kennedy Space Center, the Space Coast hosts approx. 3 million tourists annually
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