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Views: 34 DOM: 35 Updated: 07.08.24 Posted: 06.07.24 Status: Active

Summary

Price $2,495,000
Built/Renov 1991/2023
Tenant RISE
Cap Rate 6.40%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 3,248
Lease Start 08-01-2023
#Units 92
Price/SF $768.17
Expiration 08-01-2033
Tenant Type General Retail
NOI $159,650
R. Term 9.0
Ownership Fee Simple
Rent/SF $49.15
Increases 3.0%/1/yrs
Pop 5Mi 99,836
Lot/AC 2.90
Options 1/5yrs/3%
AHHI 5Mi $127,493

Lease Highlights

  • 9+ years remaining on the current lease term with 1 (5-year) option to extend
  • The lease features 3% annual rental escalations throughout the initial term and option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

RISE is strategically located on Wesley Chapel Boulevard, with access to 48,000 vehicles passing by daily. The property features nearby direct on/off ramp access to Interstate 75 (91,600 VPD), a major north-south U.S Highway. Additionally, it benefits from significant street frontage along Wesley Chapel Boulevard and is equipped with a monument sign, offering excellent visibility. Moreover, it...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: RISE
  • Guarantor:Corp Traded
  • Company:Green Thumb Industries, Inc
  • # Units:92
  • Stock: OTCMKTS: GTBIF

About Tenant

Green Thumb Industries, Inc. (“Green Thumb”) is a publicly-traded Canadian corporation (OTCMKTS: GTBIF) that packages and sells cannabis consumer packaged goods. GTI is one of the world's...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,155 43,348 98,402
2023 Total Population : 3,039 39,084 93,309
2023 Employed Civilian Pop : 1,546 21,004 50,835
2023 Total Businesses : 316 1,234 2,821
2023 Average Household Income : $ 165,200 $ 130,446 $ 127,611
2023 Total Consumer Spending : $ 161 M $ 1533 M $ 3617 M
2023 Median Age : 45 38 37
2023 Total Households : 1,114 13,618 32,969
2023 Pop Age 25+: Bachelor's Degree : 672 7,473 17,985
2023 Average Home Value : $ 460,146 $ 375,272 $ 362,419
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Village Mart Wesley Chapel Blvd 2010 21,065 0.05 mi
I-75/SR-93 NB Wesley Chapel Bl 2021 4,800 0.14 mi
CR-54 WB Wesley Chapel Bl 2021 5,000 0.18 mi
CR-54 EB I- 75 2021 17,500 0.24 mi
I- 75 Wesley Chapel Blvd 2011 51,000 0.25 mi
I-75/SR-93 SB Wesley Chapel Bl 2021 18,500 0.30 mi
State Hwy 54 Pointe Pleasant Blvd 2011 34,500 0.48 mi
Wesley Chapel Blvd Gateway Blvd 2011 20,000 0.60 mi
I- 75 Wesley Chapel Blvd 2011 73,807 0.68 mi
Old Pasco Rd Foamflower Blvd 2019 14,900 0.89 mi

Listing Broker

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