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    309 N Woodland Blvd Deland, FL 32724

    For Sale
    $1,999,900

    Newly renovated dispensary with long-term NNN lease near Stetson.

    Property size:
    4,300 SF

    Property Features for 309 N Woodland Blvd

    General Information

    Size
    4,300 SF

    Building Details

    Year built
    1955

    Source: Mark Ascik Agent Mark Ascik

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Deland Dispensary Near Stetson University

    Located in downtown Deland, Florida, steps away from Stetson University, this property is the first and only dispensary in the immediate area. The building underwent a complete renovation in Spring of 2025, including a new roof, HVAC system, electrical and plumbing systems, walls, facade, flooring, doors, and windows. A publicly-traded company, Planet 13 Holdings ($PLNH), will assume a new 10-year triple net lease in summer 2025, featuring 3.5% annual increases throughout the term. Extension options are available through 2045. The tenant benefits from limited competition, as one of only two medical cannabis dispensaries in the market. The property is situated in a thriving city with a bustling retail scene, offering a blend of boutiques, restaurants, and cultural hotspots. The location benefits from 21,000 AADT.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mitchell Cleaners Dry Cleaner

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Walgreens Pharmacy, Deland Medicine Shoppe, Jack Lay, Your CBD Store | SUNMED - Deland, FL, Desert Sage

    Location Insight

    • Map
    • Local Demand
    City
    Deland
    County
    Volusia
    State
    Florida
    Longitude
    -81.3032289
    Latitude
    29.0321425

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    FAQs

    What type of property is this?
    Drug store - Newly renovated dispensary with long-term NNN lease near Stetson.
    Where is this drug store located?
    The property is located at 309 N Woodland Blvd Deland, FL.
    What is the asking price?
    The asking price for this property is $1,999,900.
    What are key features of this property?
    This property features: - Fresh 10-year NNN lease with 3.5% annual escalations provides stable, increasing income.; - Gut renovation completed in Spring 2025 ensures minimal maintenance and modern appeal.; - Prime location steps from Stetson University in downtown Deland.
    (407) 334-4200
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    309 N Woodland Blvd Deland, FL 32724
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    Deland, FL 32724
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    309 N Woodland Blvd Deland, FL 32724
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