Surterra Wellness Cannabis Dispensary 324 E Merritt Island Cswy

STNL.com is pleased to present this 100% fee simple single-tenant Surterra Cannabis dispensary in Merritt Island, FL, which is in the heart of Florida’s Space Coast. This 3,819/SF property sits on 0.92 acres and is just a short drive from world-renowned landmarks, Cocoa Beach & Kennedy Space Center. Merritt Island is home to several of the nation’s leading retailers that find themselves within a ½ mile of the subject property such as BJ’s Wholesale Club, Publix Super Market & The Home Depot. To go along with the neighboring aforementioned retailers, this Merritt Island corridor is growing even more as it is adding a new 120-bed, 7-story hospital just 0.2 miles from Surterra’s location. The Health First hospital will ensure the need for retail & medical adjacent tenants like Surterra for years to come.
The initial term on this single tenant offering is 10-years in length and runs through July of 2029. The lease also calls for ten percent (10%) rental increases every five years including through the option periods. This property can be acquired for $1,995,000.00