10064 W Indiantown Rd | Jupiter, FL 33478
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10064 W Indiantown Rd
Jupiter, FL 33478
Sanctuary Dispensary · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease with Annual Increases
- Outparcel to Publix Anchored Center
- Best-in-Class Tenant
- Miami MSA
- Affluent Demographics
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Sanctuary
Dispensary property located in Jupiter, Florida (the “Property”). Sanctuary is operating under an absolute NNN lease with
zero landlord responsibilities whatsoever, offering a truly passive investment asset. The lease also features 2.33% annual rent
escalations throughout the base and option terms, providing investors with a boost to overall cash flows and a significant
hedge against inflation. See Lease Abstract for full details.
Dispensary property located in Jupiter, Florida (the “Property”). Sanctuary is operating under an absolute NNN lease with
zero landlord responsibilities whatsoever, offering a truly passive investment asset. The lease also features 2.33% annual rent
escalations throughout the base and option terms, providing investors with a boost to overall cash flows and a significant
hedge against inflation. See Lease Abstract for full details.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
3,200 SF
Building Class
B
Year Built
1998
Price
$2,840,705
Price Per SF
$888
Cap Rate
8.50%
NOI
$241,460
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.51 AC
Zoning
LO
Frontage
51 FT on Indiantown Rd
PROPERTY TAXES
| Parcel Number | 00-41-41-01-05-001-0200 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $837,101 |
PROPERTY TAXES
Parcel Number
00-41-41-01-05-001-0200
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$837,101
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