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__1452032192.png "Marcus & Millichap")
| Price $18,330,800 | Built/Renov 1986 | Tenant Green Dragon Cannabis Cultivation Campus |
| Cap Rate 9.50% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
415
| Lease Start
08-01-2021
| #Units
42
|
| Price/SF $44.09 | Expiration
07-31-2031
| Tenant Type Other |
| NOI $1,741,426 | R. Term 5.3 | Ownership Fee Simple |
| Rent/SF
$4.19
| Increases 2.0%/1/yrs | Pop 5Mi 23,824 |
| Lot/AC 29.19 | Options 3/5yrs/2% | AHHI 5Mi $57,192 |
| | |
Marcus & Millichap is pleased to present a state-of-the-art cultivation and production center located at 160 Comfort Road in Palatka, Florida. This modern facility, secured under a long-term net lease with Green Dragon, encompasses 415,733 square feet of state-of-the-art infrastructure designed for the efficient and scalable production of cannabis and related products. Situated in...
...Extensive TI’s
Oversized lot
Strategically located
Income tax free state
Absolute NNN
Corporate Guarantee
The subject property benefits from a corporate guarantee by parent company of Green Dragon. Under the umbrella of Eaze Technologies, the company is a leader in the cannabis sector with a strong...
| 1 Miles | 3 Miles | 5 Miles | |
| 2030 Total Population : | 373 | 9,463 | 22,671 |
| 2025 Total Population : | 363 | 9,431 | 22,575 |
| 2025 Employed Civilian Pop : | 118 | 3,222 | 8,279 |
| 2025 Total Businesses : | 26 | 863 | 1,327 |
| 2025 Average Household Income : | $ 65,397 | $ 65,113 | $ 74,642 |
| 2025 Total Consumer Spending : | $ 2 M | $ 210 M | $ 599 M |
| 2025 Median Age : | 35 | 40 | 43 |
| 2025 Total Households : | 35 | 3,637 | 9,032 |
| 2025 Pop Age 25+: Bachelor's Degree : | 13 | 506 | 1,466 |
| 2025 Average Home Value : | $ 137,344 | $ 280,918 | $ 343,126 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| US Hwy 17 | 216C | 2005 | 13,100 | 0.33 mi |
| Comfort Rd | 2022 | 13,600 | 0.41 mi | |
| State Hwy 19 | Hwy 17 | 2005 | 9,200 | 1.04 mi |
| CR 216 | 2022 | 4,700 | 1.24 mi | |
| Carter Rd | 2022 | 8,500 | 1.34 mi | |
| Poor Farm | 2022 | 13,800 | 1.36 mi | |
| Hwy 17 | 2022 | 9,900 | 1.52 mi | |
| Old Jacksonville Highway | Florida Trl | 2022 | 3,700 | 1.73 mi |
| Reid Street | N Palm Ave | 2022 | 19,500 | 1.86 mi |
| Hwy 19 N | Reid St | 2005 | 22,000 | 1.87 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
