702 US-27, Lake Placid, FL 33852

The Good Group is pleased to offer for sale the fee simple interest in an Insa medical cannabis dispensary in Lake Placid, FL. Insa is a Massachusetts-based medical cannabis company that has retail stores in Florida, Massachusetts, Ohio and Pennsylvania. Unlock the potential of this STNL property with a national tenant boasting a corporate guaranty. Insa, a leading dispensary brand with established locations in Florida, Massachusetts, Ohio, and Pennsylvania.

The Insa medical cannabis dispensary has a 10-year lease with two percent (2%) annual increases with 6 years remaining. The tenant also has two additional 5-year options to extend the lease. The lease is guaranteed by GPM II, LLC, a Delaware limited liability company. The 2,814 SF building was renovated in 2022 for Insa and the rent commencement date was July 29, 2022.

The property is located on US Highway 27 South, the primary thoroughfare in Lake Placid. Lake Placid is approximately the same distance from Orlando, Tampa, Fort Myers, and West Palm Beach, four of the most populous cities in the state. The Insa property has excellent access and exposure to US Highway 27 South with an average of 21,500 vehicles per day passing by.