309 N Woodland Blvd Deland, FL 32720

Listing agency SVN Alliance Commercial Real Estate Advisors v***@svn.com Show Phone

Listed by Carl Lentz · License #3068067 Show Phone

Source Exprealty

Added: May 19, 2025 Updated: Jul 21 at 7:53AM Checked: Jul 21 at 7:53AM

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Investment Insights

Based on property information with market context.

This medical cannabis dispensary property was gut-renovated in spring 2025, with new roof, HVAC, electrical, plumbing, walls, facade, flooring, and doors and windows. The offering is presented as requiring zero maintenance expenses for the buyer to contemplate. The asset is leased to Planet 13 Holdings, a publicly traded company, under a fresh 10-year triple net lease beginning in summer 2025, with 3.5% annual increases throughout the term. Extension options are noted through 2045.

The property is located steps away from Stetson University in downtown DeLand, FL. The public remarks also note limited competition in the downtown area, stating it is the first and only dispensary there, and that there are only two medical cannabis dispensaries in the market.

The tenancy and lease structure are the primary considerations for buyers evaluating this single-tenant, NNN specialty property.

Key Highlights

• Gut‑renovated in spring 2025 with new roof, HVAC, electrical, plumbing, walls, facade, flooring, doors, and windows.
• Fresh 10‑year triple net (NNN) lease begins summer 2025 with 3.5% annual increases each year.
• Lease extension options are in place through 2045.

Property Analytics

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FAQs

What type of property is this?

Cannabis property - Gut-renovated in 2025 with new roof, HVAC, electrical, plumbing, and facade, under a fresh 10-year NNN lease.

Where is this cannabis property 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: Gut‑renovated in spring 2025 with new roof, HVAC, electrical, plumbing, walls, facade, flooring, doors, and windows.; Fresh 10‑year triple net (NNN) lease begins summer 2025 with 3.5% annual increases each year.; Lease extension options are in place through 2045.