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This Retail Property is no longer advertised on LoopNet.com.

1208 NE 5th St
Crystal River, FL 34429

Rise Dispensary · Retail Property For Sale

Investment Highlights

  • LONG TERM LEASE – There are over 9 Years remaining on the base term of the lease, providing stability and security for investors.
  • PASSIVE CASH FLOW – Limited Landlord responsibilities as the Roof and HVAC were replaced before the Tenant began operations.
  • LARGE LOT AND AMPLE PARKING – The property sits on 1.03 Acres and houses 28 parking spots.
  • ATTRACTIVE RENTAL INCREASES – 2.00% Annual rental increases, providing investors with a hedge against inflation.
  • Green Thumb Industries Inc (GTI) currently has +8 product brands, +90 dispensaries and +20 manufacturing facilities across 15 different states.
  • The subject property sits on the hard signalized intersection of W Gulf to Lake Hwy (+31,500 VPD) and N Joyner Terrace.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
1,851 SF
Building Class
C
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.03 AC
Zoning
CH - Business
Parking
25 Spaces (13.51 Spaces per 1,000 SF Leased)
Frontage
204 FT on 5th

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17E-18S-22-0030-00000-0063
Land Assessment
$296,870
Improvements Assessment
$350,220
Total Assessment
$647,090
  • Listing ID: 32930967

  • Date on Market: 8/23/2024

  • Last Updated:

  • Address: 1208 NE 5th St, Crystal River, FL 34429

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