MUV Cannabis Dispensary
Publix Outparcel | 13+ yrs. Remaining | New Roof | 3% increases
Marketing description
STNL.com is pleased to present this 100% fee simple STNL MUV cannabis dispensary in New Smyrna Beach, FL, strategically located in a high-tourism coastal market with strong demand from both local residents and year-round visitors. Four reasons to own this property include:
1. Premier Destination: New Smyrna Beach is a popular coastal destination known for its accessible Atlantic beaches, relaxed surf culture, and vibrant waterfront atmosphere. Flagler Avenue anchors the local retail and dining scene, attracting consistent foot traffic from both residents and tourists and driving strong demand for nearby commercial properties.
2.Publix at Indian River Village: Publix-anchored shopping center providing daily-needs retail that generates consistent customer traffic for surrounding businesses. Publix corporate has owned the Indian River Shopping Center since 2016, underscoring long-term commitment to the center and supporting sustained customer volumes within a stable, wellestablished retail corridor.
3.Limited Competition: With zero dispensaries within a five-mile radius, the MÜV site is well positioned to capture unmet demand and establish a strong local market presence. The location benefits from strong exposure and steady foot traffic generated by nearby residential density and visitor activity, supporting consistent customer flow.
4.Lease Fundamentals: Newly renovated roof combined with a long-term lease featuring over 13 years of remaining term and 3% annual rent increases. Absolute net lease structure with zero landlord responsibilities, providing stable and predictable income.
Investment highlights
Coastal Appeal: Established destination with a balanced yearround population of full-time residents and repeat visitors, supporting consistent economic activity beyond peak seasons.
Corporate Owned Publix: Outparcel to a corporately owned Publix, reflecting long-term commitment to the site
Protected Market: No dispensaries within five miles of the property
Strong Lease Structure: Absolute NNN Leases with 13 years remaining, 3% annual increases, New Roof
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