MüV Dispensary
127 U.S. Highway 17-92 West, Haines City, FL 33844
$1,344,000
Cap Rate 6.25%
Summary
| Price $1,344,000 | Built/Renov 1982/2023 | Tenant MüV Dispensary |
| Cap Rate 6.25% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
3,029
| Lease Start
11-14-2023
| #Units
150
|
| Price/SF $443.71 | Expiration
11-30-2034
| Tenant Type Medical/Health |
| NOI $84,000 | R. Term 10.11 | Ownership Fee Simple |
| Rent/SF
$27.73
| Increases 3.0%/1/yrs | Pop 5Mi 71,913 |
| Lot/AC 0.59 | Options 2/5yrs/3% | AHHI 5Mi $75,495 |
| | |
Lease Highlights
- 2023 renovations
- MüV Dispensary recently signed a brand new 11-year lease with 2 (5-year) options to extend
- Lease features 3% annual rental increases throughout the initial term and each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guaranteed lease
Location Description
MÜV is strategically located, fronting US Hwy 17 which averages 29,000 vehicles passing by daily. It is also within close proximity to Highway 27 which sees an additional 57,500 vehicles daily. The US Hwy 17 trade area is supported by retailers like Publix, Bealls, Circle K, Truist, and more, creating a strong consumer drive to the trade area. The property will benefit from being less...
...Features
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Recent renovation
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Dense retail corridor
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Near major nationals
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Highway location
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Top 100 MSA
-
Income tax free state
-
Brand new lease
-
Absolute NNN
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Long 10+ yr lease
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Corporate Guarantee
...
Maps
Tenant
- Tenant: MüV Dispensary
- Guarantor:Corp Traded
- Company:Verano Holdings Corp.
- # Units:150
- Stock:CNSX: VRNO
About Tenant
MÜV Dispensary is a fully-integrated medical cannabis cultivator and dispensary based in Florida. MÜV Dispensaries by AltMed Florida was formed in 2016 through the partnership of AltMed...
...
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| TerDr | 2022 | 29,000 | 0.07 mi | |
| South 1st Street | S 1st St | 2022 | 1,800 | 0.20 mi |
| Lee Jackson Memorial Highway | 4th St N | 2022 | 500 | 0.26 mi |
| North 5th Street | 5th St N | 2022 | 950 | 0.31 mi |
| Oak Avenue | 5th St | 2022 | 350 | 0.31 mi |
| Jones Avenue | Bay St | 2022 | 9,000 | 0.33 mi |
| West Florida Avenue | S F St | 2022 | 1,050 | 0.42 mi |
| Park Place | 6th St N | 2022 | 4,200 | 0.43 mi |
| McKay Drive | Lyle Ave | 2022 | 1,050 | 0.52 mi |
| Park Place | 7th St N | 2022 | 9,000 | 0.53 mi |
