Posted on January 13, 2022 / 9Listing ID: 329727APPLY FOR A REAL ESTATE LOAN
Cannabis & Hemp Insurance
Price : $1,092,000
Status : ACTIVE
Cap Rate : 6.00
Cannabis or Hemp Use Allowed? : Cannabis and/or Hemp
License Type : Medical & Recreational
Year Built : 1986/2020
Sale Type : Cash

Marcus & Millichap is pleased to present the opportunity to acquire a HT Medical Cannabis in Spring Hill, FL. This listing offers a triple net lease with approximately eight years remaining and two, five-year tenant renewal options. There are ten percent rent increases every five years throughout base term and option periods.

The Subject Property will be operated by Red White & Bloom who is doing business in Florida as HT Medical Cannabis. The company is positioning itself to be one of the top three multi-state cannabis operators active in the U.S. Red White & Bloom is predominately focusing its investments on major markets in the U.S., including Michigan, Illinois, Massachusetts, California, and Florida.

The population is nearly 125,000 within five miles of the subject property. The area is served by Bravera Health, a network composed of three hospitals, and a combined 372 licensed beds and nearly 800 physicians. The property is less than three miles from Bravera Health Spring Hill Hospital and six miles from Pasco-Hernando State College Spring Hill Campus with a total enrollment of 11,557 students across five campuses.

Surrounding national retailers include Winn Dixie, Publix, Planet Fitness, Buddy’s Home Furnishings, Dollar Tree, Dollar General, T-Mobile, Wing Stop, McDonald’s, Taco Bell, Applebee’s, Starbucks, Dunkin’ Donuts, Walgreens, CVS, Bank of America and many more.

Contact Listing Owner
Cannabis & Hemp Banking
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