For Sale
$1,935,000

3295 Us-441Fruitland Park, FL 34731

High-yield, single-tenant dispensary. Strong tenant, excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple, single-tenant retail property located at 3295 US-441, Fruitland Park, FL 34731. The 6,722 square foot building, constructed in 1986 and renovated in 2023, sits on a 0.71-acre lot and is currently 100% occupied by a Rise Dispensary (Green Thumb Industries), a leading cannabis operator, under a corporate-guaranteed net lease. The lease commenced March 30, 2023, and has a remaining term of approximately 8.4 years, extending to March 31, 2033, with two 5-year renewal options. The lease includes a favorable 2% annual rent increase. The property boasts a strong net operating income (NOI) of $139,528, resulting in a 7.20% cap rate. Its prime location on a hard-corner, lighted intersection along US-441, with high visibility and traffic volume (39,000+ vehicles per day), benefits from proximity to major national retailers like Walmart and Aldi. The property's strategic position within the Orlando MSA, just eight minutes from The Villages, Florida's largest retirement community (over 145,000 residents), and near substantial residential development (over 2,500 apartment and manufactured housing units within 3 miles), ensures a robust and growing customer base. The asking price is $1,935,000. This is a rare opportunity to acquire a high-performing, stable investment with significant long-term growth potential.

Highlights

  • Fee-simple, single-tenant retail property in Fruitland Park, FL, near The Villages.
  • 6,722 SF building on a 0.71-acre lot, 100% occupied by Rise Dispensary under a corporate-guaranteed net lease.
  • Strong NOI of $139,528, 7.20% cap rate, asking price $1,935,000.
  • High-visibility location on a hard-corner, lighted intersection on US-441 with 39,000+ VPD, near Walmart and Aldi.

Property Details for 3295 Us-441

Property type
Retail properties, Drug stores
Square Feet
6,722 SF
Year Built/Renovated
1986/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
30,928 SF
Units
1

Location Insight

City
Fruitland Park
County
Lake
State
Florida
Latitude
28.8501727
Longitude
-81.9000664
3295 Us-441, Fruitland Park, Florida

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3295 Us-441
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