MÜV Cannabis Dispensary
MUV | Miami, FL | 7.75% CAP | 3% Annual Increases
Marketing description
Vero Capital Group is pleased to present the exclusive sale of a fee-simple corporate-guaranteed, single-tenant NNN property occupied by MÜV Dispensary. With over five years remaining on the initial lease term through April 2032 and 3% annual rent increases built into the lease throughout the base term and all option periods, this investment delivers predictable, growing income with a clear long-term runway.
Located at the intersection of SW 77th Avenue and the Palmetto Expressway in Miami's affluent Kendall/Pinecrest submarket, this MÜV dispensary sits within one of South Florida's most productive retail corridors. The site benefits from over 198,000 combined vehicles per day at the immediate interchange and draws from a dense, high-income consumer base of more than 285,000 residents within five miles — including the Pinecrest community, which ranks among the top 20 wealthiest municipalities in the United States. Anchored to the north by Dadeland Mall and Dadeland Station, and flanked by top-performing grocers, national retailers, and a 948-bed regional hospital, the trade area generates consistent, high-volume foot traffic that supports strong dispensary performance year-round.
Investment highlights
- 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 - MÜV sits at the signalized intersection of SW 77th Avenue and SW 98th Street, directly accessible from the Palmetto Expressway interchange and benefiting from over 198,000 combined vehicles per day. The surrounding Kendall/Pinecrest trade area is one of Miami-Dade's most active retail corridors, anchored by Dadeland Mall, top-performing grocers, and a dense base of affluent residential neighborhoods that drive consistent, high-volume traffic to the site.
- STRONG CORPORATE GUARANTEE - MÜV is Verano Holdings' flagship dispensary brand and one of the most recognized cannabis retailers in Florida, consistently delivering top-tier store-level performance across its network. With Verano reporting a 35% adjusted EBITDA margin — the highest among its publicly traded cannabis peers — the underlying tenant is as financially sound as any operator in the industry.
- LOCAL GROWTH & DEVELOPMENT - Miami's Kendall and Pinecrest corridor continues to attract significant new investment, with Shoma Group's recently launched Shoma 88 development bringing a 28-story mixed-use tower to Kendall delivering 405 apartments, 76,000 square feet of office, and 90,000 square feet of medical office space — further densifying an already active trade area. The University of Miami's $40 million acquisition of the former Macy's furniture building in Pinecrest signals continued institutional expansion in the immediate submarket, reinforcing the long-term viability of the underlying real estate.
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