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1208 NE 5th St
Crystal River, FL 34429

Price Upon Request

Restaurant For Sale  •  1,851 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 1,851 SF
  • Lot Size 1.03 AC
  • Building Class C
  • Year Built 2006
  • Tenancy Single
  • Zoning CH
0 Transit Score
33 Walk Score

Highlights

There are over 8 years remaining on the base term of the lease, providing stability and security for investors.
2.00% annual rental increases, providing investors with a hedge against inflation. CAP rate will increase roughly 15-20bps each year of ownership.
Limited Landlord responsibilities as the roof and HVAC were replaced before the Tenant began operations. Tenant pays for taxes, insurance
Green Thumb Industries Inc (GTI) currently has +8 product brands, +90 dispensaries and +20 manufacturing facilities across 15 different states.
The property sits on ±1.03 Acres and houses 28 parking spots. Whether used for a cannabis dispensary or other ventures
The subject property sits on the hard signalized intersection of W Gulf to Lake Hwy (+31,500 VPD) and N Joyner Terrace.

Major Tenants

Tenant SF Occupied Lease End Date
Huddle House

Amenities

  • Signage
  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning
  • Smoke Detector

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 25
Type: Surface
Included in Rent: Yes