Building Details

Building Size 5,363 SF

Year Built 2026

Listing Agency: Matthews a***@matthews.com Show Phone

Listed By: Alexander Machado · License #SL3507121 (FL) Show Phone

Source: Matthews

Added: Jun 28 Changed: Aug 31 Last Checked: Aug 31 at 12:43PM

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Investment Insights

Based on property information with market context.

This absolute NNN property is a repurposed former bank branch configured for cannabis dispensary operations. The building includes enhanced security infrastructure and a fully operational five-lane drive-through designed to support customer throughput. The existing lease places operating expenses, maintenance, and capital expenditures with the tenant, leaving no landlord responsibility for those items.

The tenant recently signed a 10-year initial term with approximately nine years remaining, followed by two five-year renewal options. Contractual rent escalations are set at 3.00% annually during the base term and option periods. The property is leased to Mint Cannabis, an operator with 35+ dispensary locations across six states. Its Florida expansion began in 2024 through the acquisition of a portfolio containing 14 dispensaries and two cultivation and manufacturing facilities.

Key Highlights

• Absolute NNN lease assigns operating expenses, maintenance, and capital expenditures to the tenant
• Approximately nine (9) years remain on the 10‑year initial lease term
• Two five‑year renewal options follow the initial lease term

Property Analytics

Current Use

Cannabis Properties

Suggested Use

Top Pick Auto Parts Store HVAC Service Cafe & Coffee Shop Storage Facility (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

221

Businesses Nearby

52k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 57% Dining 39% Electronics 4%

Ollie's Bargain Outlet Shops & Services

19,966 visits/mo 0.3 miles

Burger King Dining

10,139 visits/mo 0.3 miles

Wendy's Dining

10,119 visits/mo 0.4 miles

Advance Auto Parts Shops & Services

4,317 visits/mo 0.4 miles

Truist Shops & Services

3,072 visits/mo 0.1 miles

Demographics for 34446, FL

18,431

Population

9,588

Households

1.9

Avg Household Size

62

Median Age

18%

College-Educated

89%

High-School Grad

29.8 sq mi

ZIP Area

618

Density / Sq Mi

$60,625

Median Household Income

$41,423

Median Earnings

$938

Median Rent

$231,700

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

NNN property - Repurposed bank facility with a five-lane drive-through and a long-term cannabis lease structure.

Where is this nnn property located?

The property is located at 4395 S Suncoast Blvd Homosassa Springs, FL.

What is the asking price?

The asking price for this property is $2,486,206.

What are key features of this property?

This property features: Absolute NNN lease assigns operating expenses, maintenance, and capital expenditures to the tenant; Approximately nine (9) years remain on the 10‑year initial lease term; Two five‑year renewal options follow the initial lease term