Listed by Northmarq - Chicago
$5,361,300
Sanctuary Dispensary
Details
Property Type Retail
Sub Type Dispensary
Square Footage 2,814
Cap Rate 7.25%
NOI $388,695
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 01/01/2035
Remaining Term 8.6
Rent Bumps Yes
Lease Options 2 x 10 Year
Year Built 2026
Acreage 0.520
Investment Type Net Lease
Lease Commencement 11/04/2020
Ground Lease No
Retail | 7.25% CAP | 2,814 SqFt
Marketing description
Northmarq is pleased to exclusively offer for sale a brand-new 2026 Sanctuary Dispensary located at a signalized hard corner in West Palm Beach, Florida. The Property is secured by a long-term absolute NNN lease with zero landlord responsibilities, 2.33% annual rent increases, and rare exit fee protection, offering investors a passive income stream with built-in growth. Positioned along Belvedere Road with excellent visibility, multiple points of access, and proximity to Palm Beach International Airport, the asset benefits from dense and affluent surrounding demographics within one of South Florida’s most dynamic growth markets.
Investment highlights
- Long-Term, Absolute NNN Lease w/ Annual Increases
- Brand New 2026 Construction | Latest Sanctuary Prototype
- Signalized Hard Corner Intersection w/ Multiple Points of Access
- Miami MSA
- Extremely Dense & Affluent Trade Area | Proximity to Palm Beach International Airport
- Leading Vertically Integrated, Multi-State Operator
Listing Contacts
Listed by Northmarq - Chicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$388,695.00
$32,391.25/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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