1208 NE 5th St | Crystal River, FL 34429
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- LoopNet Team
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
PROPERTY TAXES
| Parcel Number | 17E-18S-22-0030-00000-0063 | Improvements Assessment | $504,429 |
| Land Assessment | $427,588 | Total Assessment | $932,017 |
PROPERTY TAXES
Parcel Number
17E-18S-22-0030-00000-0063
Land Assessment
$427,588
Improvements Assessment
$504,429
Total Assessment
$932,017
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