Retail    

Sanctuary Dispensary

 Jupiter, FL

 

Price:
$2,949,525

Cap Rate:
8.00%

Avg. Cap Rate Over Base Term:
8.58%

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Lease Type

Absolute NNN

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Best-in-Class Tenant

Multi-State Operations

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Growing Industry

FYE 2022 Sales: Nearly $30 Billion

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Top Cannabis Market

FYE 2022 Sales (FL): $1.5 Billion

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Rent Escalations

2.33% Annually

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Average HHI

$166K+ (3 Miles)

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Absolute NNN Lease with Annual 2.33% Rent Escalations
  • Miami MSA | Jupiter, FL is a principal city of the Miami Metropolitan Area
  • Outparcel to Publix Anchored Center
  • Affluent Demographics | 48K+ 5-Mile Population, $166K+ 3-Mile Avg. HHI
  • Growing Industry | FYE 2022 Sales: Nearly $30 Billion
  • Top U.S. Cannabis Market | Florida FYE 2022 Sales: $1.5 Billion
  • Proximity to Riverbend Park | 660+ Acre Park along the Loxahatchee, Florida’s
  • First Nationally Designated Wild and Scenic River

Exclusively Listed By

Christian Tremblay

Vice President
  ctremblay@northmarq.com      +1 201.919.6148

Isaiah Harf

Regional Managing Director
  iharf@northmarq.com   

BJ Feller

Senior Vice President & Managing Director
  bfeller@northmarq.com   
Florida Broker #BK3504949

Mark Lovering

Associate Vice President
  mlovering@northmarq.com   

Jack Collins

Associate Vice President
  jcollins@northmarq.com   

Josh Dicker

Senior Associate
  jdicker@northmarq.com   

Robin Borgeson

Associate
  rborgeson@northmarq.com   

Sam Ray

Associate
  sray@northmarq.com   

Russell Freeman

Analyst
  rfreeman@northmarq.com   

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