Available For Sale - Retail

3,590 SF | Show Pricing $

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LISTED BY

Barry Wolfe
Wolfe-Lipsky Retail Group of Marcus & Millichap, 954-245-3493
Ashley Anaya
Wolfe-Lipsky Retail Group of Marcus & Millichap,

AVAILABILITY DETAILS

Size
3,590 SF
Price/SF
Show Pricing $
Listing ID
SA446762
Notes
Marcus & Millichap is pleased to present the opportunity to acquire Surterra Wellness located in Boynton Beach, Florida. This Surterra Wellness offers a brand new, 10-year, double net lease with two, five-year renewal options. There are 10 percent rent increases every five years throughout the base term and option periods. This is a new location that recently underwent renovations and offers drive-thru capabilities.

During these uncertain times this is a great investment because Medical Marijuana Dispensaries remain open as they are considered “essential” businesses. Surterra Wellness is focused on unlocking the natural health benefits of the cannabis-based ingredients. Surterra Wellness is one of the nation’s fastest growing health and wellness companies, with vertical operations in Florida, Texas and Nevada and Massachusetts.

The subject property is exceptionally located just minutes from Boynton Beach’s dense retail area, with surrounding national retailers including Target, Walmart Supercenter, BJ’s Wholesale, Dick’s Sporting Goods, Marshall’s, Bed Bath & Beyond, Old Navy, Publix, Best Buy, Red Lobster, Applebee’s, Olive Garden, Chick-fil-A, Burger King, Orangetheory Fitness, Walgreens, Bank of America, Wells Fargo and many more. This Surterra Wellness is located at the signalized intersection of Boynton Beach Boulevard and Lawrence Road with a combined daily traffic count of approximately 60,000 vehicles.

The subject property is within close proximity to Interstate 95, the major roadway running north and south through the state and has a daily traffic count of 237,000 vehicles. Boynton Beach also has very strong demographics, with a population over 260,000 within a five-mile radius. Boynton Beach is located between West Palm Beach, 16 miles north; and Fort Lauderdale, 33 miles south.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Barry Wolfe, Wolfe-Lipsky Retail Group of Marcus & Millichap