Single-Tenant Cannabis
For Sale
Contact for pricing
1401 Citrus Blvd, Leesburg, FL 34748
Renovated in 2022 and leased under a double-net structure with scheduled increases through the option periods.
Property SizeContact for details
Days on Market144
Property Features for 1401 Citrus Blvd
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
STNL
(513) 438-5150
Listed By:
Mark Thompson · License #BK3217284
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 3:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of STNL
Investment Insights
Based on property information with market context.
This fee-simple cannabis property comprises a 2,780-square-foot dispensary on a 0.89-acre parcel. The building was renovated in 2022 and is leased to a single tenant under a double-net structure. The initial lease term extends through June 2032, with 10% rental increases every five years, including the option periods. The remaining lease economics reflect a 7.10% blended CAP rate.
The property fronts US-441 in Leesburg, Florida, a corridor reported to average 44,000 vehicles per day. Walmart Supercenter, Publix Super Market, and Aldi are each within 1 mile. The site is 10 minutes east of The Villages and has 87,342 people within a 15-minute drive. Six age-restricted communities are within 2 miles, while the 353-bed UF Health Leesburg Hospital is 2 miles south.
The property fronts US-441 in Leesburg, Florida, a corridor reported to average 44,000 vehicles per day. Walmart Supercenter, Publix Super Market, and Aldi are each within 1 mile. The site is 10 minutes east of The Villages and has 87,342 people within a 15-minute drive. Six age-restricted communities are within 2 miles, while the 353-bed UF Health Leesburg Hospital is 2 miles south.
Key Highlights
- 2,780 SF cannabis dispensary on a 0.89‑acre parcel
- Fee‑simple, single‑tenant property with a double‑net lease structure
- Lease term runs through June 2032
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
203k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Home Improvements & Furnishings 28%
Dining 27%
Apparel 6%
Rural King
Home Improvements & Furnishings
44,558 visits/mo
0.3 miles
Wawa
Shops & Services
41,265 visits/mo
0.2 miles
McDonald's
Dining
29,471 visits/mo
0.5 miles
SONIC Drive In
Dining
16,280 visits/mo
0.4 miles
Tractor Supply Co.
Home Improvements & Furnishings
12,020 visits/mo
0.3 miles
Demographics for 34748, FL
45,481
Population
25,740
Households
1.8
Avg Household Size
60
Median Age
24%
College-Educated
90%
High-School Grad
39.4 sq mi
ZIP Area
1,154
Density / Sq Mi
$53,768
Median Household Income
$30,762
Median Earnings
$1,181
Median Rent
$226,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Cannabis property - Renovated in 2022 and leased under a double-net structure with scheduled increases through the option periods.
Where is this cannabis property located?
The property is located at 1401 Citrus Blvd Leesburg, FL.
What are key features of this property?
This property features: 2,780 SF cannabis dispensary on a 0.89‑acre parcel; Fee‑simple, single‑tenant property with a double‑net lease structure; Lease term runs through June 2032
