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456 W Base St
Madison, FL 32340

$1,091,428 USD

General Retail For Sale  •  2,000 SF

Property Details

  • Property Type General Retail
  • Total Building Size 2,450 SF
  • Lot Size 0.3 AC
  • Building Class C
  • Year Built 1966
  • Cap Rate 8.75 %
  • Tenancy Single
  • Zoning INC
0 Transit Score
43 Walk Score

Highlights

Absolute NNN Lease: True triple-net lease structure with zero landlord responsibilities; tenant is fully responsible for real estate taxes, insurance,
Annual Rent Increases: Fixed 2.5% annual rent escalations offer a reliable inflation hedge and support steady income growth over the lease term.
Experienced Multi-State Operator: Leased to Mint Cannabis, a well-established operator with a portfolio exceeding 30+ dispensaries across six states.
Limited Competition: The subject property is one of only two dispensaries in Madison, FL. The limited local supply provides a significant competitive
Downtown Proximity: Positioned at the western gateway to downtown Madison, the property is surrounded by national retailers and service providers incl
Excellent Access: Features multiple ingress and egress points, including right-in/right-out and left-in access, enhancing visibility and customer conv
Cap Rate: 8.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Allied Therapy Services LLC

Public Transportation

AirportDriveWalkDistance
Valdosta Regional 37 min - 25.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 7
Type: Surface
Included in Rent: Yes
Alexander Machado 305-905-3215 Matthews Real Estate Investment Services
Alexander Machado 305-905-3215 Matthews Real Estate Investment Services