Listed by SVN | Alliance Commercial Real Estate Advisors Ormond Beach, SVN | Alliance Commercial Real Estate Advisors
$2,350,000
Cookies Sanford Dispensary
Details
APN 28-19-30-503-0000-0090
Property Type Retail, Special Purpose
Sub Type Pharmacy/Drug, Cannabis Dispensary
Square Footage 2,025
Units 1
Cap Rate 7.51%
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Remaining Term 10
Class A
Year Built 1950
Year Renovated 2025
Buildings 1
Stories 1
Acreage 0.481
Zoning C-1
Parking Spaces 19 spaces
Parking per 1,000 SqFt 9.38
Investment Type Net Lease
Ground Lease No
Sale Condition 1031 exchange
Cookies Sanford Dispensary (Orlando MSA)
Marketing description
- Single-tenant net lease to Cookies, one of the largest and most popular national cannabis operators
- 2025 gut renovation
- 10 year initial term began in November 2025
- Blended Cap Rate of 8.4% through the initial term
- 2.5% annual rent increases
- renewal options through 2045
- Signalized hard corner with 48,900 AADT
- limited area competition
- 5 mile population 126,257
- Strong area household incomes
Investment highlights
- Single-tenant net lease to Cookies, one of the largest and most popular national cannabis operators
- 2025 gut renovation
- 10 year initial term began in November 2025
- Blended Cap Rate of 8.4% through the initial term
- 2.5% annual rent increases
- renewal options through 2045
- Signalized hard corner with 48,900 AADT
- limited area competition
- 5 mile population 126,257
- Strong area household incomes
Listing Contacts
Listed by SVN | Alliance Commercial Real Estate Advisors Ormond Beach, SVN | Alliance Commercial Real Estate Advisors
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