MedMen NNN Lease

MedMen | Jacksonville, FL

Sands Investment Group is Pleased to Present Exclusively For Sale the 5,690 SF MedMen NNN Lease Located at 308 3rd Street S in Jacksonville, Florida. This Deal Includes Over 7 Years Remaining on a Triple Net (NNN) Lease With 2.5% Annual Rent Bumps and Two Five Year Options, Providing For a Secure Investment.

  • 7+ Years Remaining on a Triple Net (NNN) Lease With Minimal Landlord Responsibilities, 2.5% Annual Rent Bumps and Two Five Year Options
  • Tenant Recently Spent Significant CapEx and Underwent a Remodel With Renovations Retrofitted For the MedMen Brand
  • Marijuana Dispensaries Remain Open as They Are Considered “Essential” Businesses
  • MedMen is One of the Premium Cannabis Retailers in the United States and Has Been Leading With New Developments For Over a Decade; Their Team of Product Experts Offer an Unparalleled Shopping Experience at All of Their More Than 38 Stores (9 Coming Soon) Across Seven States — California, Nevada, Illinois, Arizona, New York, Massachusetts and Florida
  • Strategically Located on Corner of 3rd Street S and 3rd Avenue S With Dual Access to the Property
  • 3 Blocks From the Beach Which is Close Proximity to the Jacksonville Beach Pier
  • Florida is an Income Tax Free State
  • Affluent and Dense Residential Area With a Population of Over 104,582 People Within a 5-Mile Radius Making an Average Household Income of $117,893
  • Annual Population Growth of 13.13% Since 2010 and Projected Population Growth Over the Next 5 Years is 1.3% With an Increase From 104,582 to 111,114 People Within a 5-Mile Radius
  • Less Than 5-Miles to the University of North Florida State College at Jacksonville Serving a Combined 66,725 Students
  • Excellent Visibility Along 3rd Street S, the Main North to South Road Through Jacksonville Beach and a Major Retail and Residential Corridor With Over 45,481 VPD
  • As of April 16, 2021, There Was Over 533,750 Qualified Patients in Florida, Up From 333,810 About the Same Time Last Year
  • Nearby Tenants Include: Wendy’s, Taco Bell, O’Reilly Auto Parts, Cole Veterinary Clinic, McDonald’s, Austin’s Surf Shop, Publix and Cube Smart Self Storage

In Cooperation With SIG RE Services, LLC Lic. # CQ1055229

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