Sunburn Cannabis
Sunburn Cannabis | 3% Annual Increases | Cape Coral, FL
Marketing description
Vero Capital Group is pleased to present the exclusive sale of a single-tenant Sunburn Cannibals located at 1628 Del Prado Boulevard, Cape Coral, Florida. Sunburn operates under a newly executed 15-year lease, with more than 12 years of firm term remaining, plus four (1) additional five-year renewal options. The lease includes annual 3% rent increases throughout the base term and all option periods. The property sits on Del Prado Boulevard, Cape Coral’s primary retail corridor, directly across from a Walmart Supercenter. It offers strong frontage, excellent visibility, and benefits from the draw of numerous national retailers in the immediate area. Dense surrounding residential neighborhoods provide a steady consumer base, and nearby bus stops enhance accessibility for shoppers.
Investment highlights
LONG TERM LEASE
Sunburn is operating under a new 15-year lease with over 12+ years remaining on the initial term, along with multiple five-year renewal options.
ATTRACTIVE RENT INCREASES
The lease incorporates 3% yearly rent increases throughout the remaining term and renewal options, providing steady revenue growth and serving as a buffer against inflation.
PRIME RETAIL LOCATION
Sunburn occupies a highly visible corner site on Del Prado Boulevard, Cape Coral’s main retail artery. Directly opposite a Walmart Supercenter, the property benefits from constant exposure to heavy vehicular traffic. A strong lineup of national retailers in the immediate area adds to its draw, while the surrounding dense residential neighborhoods provide a steady base of customers.
SURROUNDING AREA
The surrounding trade area features a deep roster of national retailers and restaurants that keep the corridor consistently active. Major anchors include Walmart Supercenter, Publix, Aldi, TJ Maxx, Ross, Hobby Lobby, Bealls, HomeGoods, ULTA, Burlington, and Staples. Dining options range from quick service favorites like McDonald’s, Taco Bell, Wendy’s, Starbucks, KFC, and Jersey Mike’s to casual sit-down spots including Applebee’s, Denny’s, and Waffle House. Additional traffic is driven by service and convenience operators such as Walgreens, Dollar Tree, Bank of America, Chase, Truist, Sherwin-Williams, Advance Auto Parts, Pep Boys, Firestone, and Goodyear.
TRAFFIC & DEMOGRAPHICS
Located along Del Prado Boulevard, the property benefits from outstanding exposure with over 58,500 vehicles passing by each day. The surrounding trade area offers a strong and growing customer base, with more than 66,800 residents within a 3-mile radius earning an average household income of $100,487. Expanding to a 5-mile radius, the population increases to over 184,100 with an average household income of $99,844 — providing both high visibility and substantial buying power in the immediate area.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
