Standalone Retail
855 W Base St, Madison, FL 32340
For Sale
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A cannabis dispensary occupies the full building under an absolute NNN lease.
Property SizeContact for details
Days on Market51
Property Features for 855 W Base St
General Information
Standard status
Property subtype
Listing Agency:
Marcus & Millichap - Fort Lauderdale
Listed By:
Alan Lipsky · License FL SL3279054
(954) 245-3595
Source:
Crexi
Added: Sep 23
Changed: Nov 2
Last Checked: Nov 12 at 6:30AM
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 Marcus & Millichap - Fort Lauderdale
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Investment Insights
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This 2,816-square-foot standalone retail building sits on approximately 0.79 acres and is occupied in its entirety by Green Dragon, the sole tenant. The absolute NNN lease runs through January 31, 2038, with about 11.5 years remaining on its initial term. Rent increases by 10% every five years, and the lease includes four five-year renewal options. The stated cap rate is 7.26%.
The property fronts West Base Street, also designated US Highway 90, near College Loop and across from North Florida College. The site is within Madison’s primary retail and service corridor, with regional connections to Interstate 10.
The property fronts West Base Street, also designated US Highway 90, near College Loop and across from North Florida College. The site is within Madison’s primary retail and service corridor, with regional connections to Interstate 10.
Key Highlights
- 2,816‑square‑foot freestanding retail building on approximately 0.79 acres
- Green Dragon is the sole tenant and occupies the entire building
- Absolute NNN lease with approximately 11.5 years remaining; term runs through January 31, 2038
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 32340, FL
10,744
Population
4,567
Households
2.4
Avg Household Size
45
Median Age
13%
College-Educated
81%
High-School Grad
208.5 sq mi
ZIP Area
52
Density / Sq Mi
$43,393
Median Household Income
$32,937
Median Earnings
$814
Median Rent
$115,900
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Madison Florist — 166 SW Range Ave, Madison, FL 32340
- Southern Blooms by Kim — 122 SW Horry Ave, Madison, FL 32340
Frequently Asked Questions
What type of property is this?
Storefront property - A cannabis dispensary occupies the full building under an absolute NNN lease.
Where is this storefront property located?
The property is located at 855 W Base St Madison, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 2,816‑square‑foot freestanding retail building on approximately 0.79 acres; Green Dragon is the sole tenant and occupies the entire building; Absolute NNN lease with approximately 11.5 years remaining; term runs through January 31, 2038
