Listed by Sands Investment Group - FTL, Sands Investment Group
$2,421,472
Mint - Orlando, FL
Details
Property Type Retail
Sub Type Storefront
Square Footage 4,723
Cap Rate 7%
NOI $169,503
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 09/30/2029
Remaining Term 3.3
Rent Bumps Yes
Lease Options 2 x 5 Year Options
Price per SqFt $513
Year Built 1987
Year Renovated 2019
Acreage 0.860
Investment Type Net Lease
Lease Commencement 10/01/2019
Ground Lease No
NNN Cannabis Dispensary - Orlando, FL | High-Growth Industry | Billboard Income
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 4,723 SF Mint Cannabis Dispensary located at 10615 E Colonial Drive in Orlando, FL. This deal includes a net-leased retail asset with an established tenant in a high-growth industry, offering passive income and long-term upside, and the property is secured by an Triple Net (NNN) Lease structure, with the tenant responsible for taxes, insurance, and common area maintenance, resulting in minimal landlord responsibilities and a management-free investment.
Investment highlights
- Triple Net (NNN) Lease structure with the tenant responsible for taxes, insurance, and CAM, resulting in minimal landlord responsibilities.
- Established cannabis tenant (Mint) operating at the location with an established footprint in Florida’s growing medical cannabis market.
- Long-term lease with upside, featuring a lease expiration in September 2029 (3+ years remaining), 2, 5-year renewal options, and 2% annual rent increases, including during option periods.
- An additional income stream from a billboard lease generates approximately $7,460 annually, boosting overall NOI.
- High-traffic Orlando corridor located on E Colonial Drive, a major retail thoroughfare with strong visibility and access.
- Mint has submitted a permit for new signage at the property.
Listing Contacts
Listed by Sands Investment Group - FTL, Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$169,503.00
$14,125.25/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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