3295 Us-441 Fruitland Park, FL 34731

Property Details for 3295 Us-441

Year built

1986

Lot size

0.71 lot acres

Property size

6,722 SF

Property type

Retail properties & Spaces

Property subtype

Drug stores

Description

This exceptional investment opportunity presents a fee-simple, single-tenant retail property located at 3295 US-441, Fruitland Park, FL 34731. The 6,722 square foot building, constructed in 1986 and renovated in 2023, sits on a 0.71-acre lot and is currently 100% occupied by a Rise Dispensary (Green Thumb Industries), a leading cannabis operator, under a corporate-guaranteed net lease. The lease commenced March 30, 2023, and has a remaining term of approximately 8.4 years, extending to March 31, 2033, with two 5-year renewal options. The lease includes a favorable 2% annual rent increase. The property boasts a strong net operating income (NOI) of $139,528, resulting in a 7.20% cap rate. Its prime location on a hard-corner, lighted intersection along US-441, with high visibility and traffic volume (39,000+ vehicles per day), benefits from proximity to major national retailers like Walmart and Aldi. The property's strategic position within the Orlando MSA, just eight minutes from The Villages, Florida's largest retirement community (over 145,000 residents), and near substantial residential development (over 2,500 apartment and manufactured housing units within 3 miles), ensures a robust and growing customer base. The asking price is $1,935,000. This is a rare opportunity to acquire a high-performing, stable investment with significant long-term growth potential.

Location Insight

City

Fruitland Park

County

Lake

State

Florida

Longitude

-81.9001

Latitude

28.8502