10064 Indiantown Rd Jupiter, FL 33478-4732

Property Details for 10064 Indiantown Rd

Year built

2004

Construction

WOOD

Lot size

0.49 lot acres

Property size

3,120 SF

Zone code

LO

Property type

Office buildings

APN

00-41-41-01-05-001-0200

APU

414101050010200

Description

This exceptional investment opportunity presents a fee-simple interest in a 3,120-square-foot cannabis dispensary located at 10064 W Indiantown Rd, Jupiter, FL 33478, within Palm Beach County. The property sits on a 0.49-acre lot and is an outparcel to a Publix-anchored center, benefiting from strong demographics and high visibility. The current tenant, Sanctuary Dispensary, operates under a 10-year absolute NNN lease (commencing October 16, 2020, and expiring October 31, 2030), with a remaining term of approximately 5.9 years. The lease features attractive 2.33% annual rent escalations, providing a hedge against inflation and increasing cash flow. The current Net Operating Income (NOI) is $235,962, resulting in an 8.50% cap rate. The asking price is $2,840,705. The lease includes two 10-year renewal options, offering long-term stability and predictable returns. This investment is situated in a top U.S. cannabis market within the Miami MSA, presenting a compelling opportunity for investors seeking exposure to a growing industry with a best-in-class tenant and minimal landlord responsibilities. The property consists of one building with one unit.