Property Highlights
- High profile free-standing Insa cannabis dispensary with new 10 year lease
- Rare signalized corner location across from Walmart Supercenter with excellent visibility to 51,000 cars per day
- Corporate guarantee and NN lease with a 10 year roof warranty provides passive ownership and stable cash flow for out of state investor
- Low rent and price point for Florida cannabis dispensary
- 2020 concrete block construction
- 2% annual rent increases provide excellent hedge against inflation
- Fee simple ownership allows for depreciation of the building boosting after tax returns
- E-commerce and recession resistant business model, cannabis deemed essential during pandemic
- Insa is a leading vertically integrated multi-state MMTC operator with aggressive expansion plans in Florida
- Florida is the largest medical cannabis market in the US with annual sales exceeding $1.5 billion
- Florida has no state income tax and saw a net migration of 345,000 residents between April 2020 and April 2021