Listing ID : 811012
Listed On June 20, 2024 99
Listing Updated June 20, 2024
Marcus & Millichap is pleased to present the opportunity to acquire a prime commercial property located at 1428 Alton Road, Miami Beach. This asset is subject to a NNN lease with Sunburn Cannabis Dispensary that features rare, five percent annual rental increases throughout the base and option terms. This property is situated on an oversized corner lot with excellent visibility and access coming from the north or south. It’s convenient, on-site parking lot is located behind the building. Being one of the larger lots you’ll see on Miami Beach and with its favorable CD-2 zoning, it has strong residual value and significant development potential.
- Rare Miami Beach Medical Marijuana Dispensary
- Building Completely Renovated by the Tenant Showing Strong Commitment to the Location
- NNN Lease With 5% Annual Increases-Hedging Against Inflation
- Oversized Corner Lot With Plenty of Parking and Future Development Potential
- High Barrier of Entry Market and Cannabis Dispensary Use-Location Has Intrinsic Value as All Sites on Miami Beach are Taken
- 250 Ft Linear Feet of Frontage on Alton Road and 14th Court
26.9 Acres Divisible into 12 Acres and 14.9 Acres – Available Together or Separately Explore the potential of this expansive 26.9-acre property,
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Cannabis & Hemp Banking
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