Property Intelligence

Located in Port Richey, Florida, this freestanding retail property presents a specialized cannabis real estate investment opportunity supported by an established MÜV dispensary tenant. The approximately 2,624-square-foot building occupies a 1.01-acre parcel along a major commercial corridor serving western Pasco County.

Originally constructed in 1981 and renovated in 2024, the property features approximately 301 feet of frontage along US Highway 19, prominent signage, a dedicated turn lane, an existing drive-thru, and approximately 28 parking spaces. The property is advertised for $2,350,000 and is marketed as a single-tenant, true NNN investment.

Cannabis Zoning & Licensing Intelligence

The property's established MÜV dispensary operation and existing medical cannabis retail use are its defining cannabis-related characteristics.

MÜV Port Richey is an operating medical cannabis dispensary affiliated with Verano Holdings. Verano publicly announced the location's opening in June 2024, identifying it as the company's second retail location in Pasco County.

Florida's medical cannabis framework operates through licensed Medical Marijuana Treatment Centers (MMTCs). The Florida Office of Medical Marijuana Use identifies MÜV among the state's authorized operators, and public dispensary directories identify this location as operating under MMTC license.

The property's existing cannabis retail use is an important consideration for investors evaluating specialized dispensary real estate. However, the real estate transaction should be distinguished from the cannabis operating business. The MMTC license and operating rights should not be assumed to transfer with the property.

Prospective purchasers should independently verify current local land-use approvals, the tenant's operating authorization, lease protections, and any requirements affecting continued cannabis retail use.

Cannabis Market & Investment Perspective

At an advertised asking price of $2,350,000, the property is marketed as a long-term, income-producing cannabis retail investment.

The offering highlights approximately 13 years of remaining lease term, 1.50% annual rent increases, a parent-company guarantor, and three additional five-year renewal options. The lease is described as true NNN, with no landlord responsibilities.

The property's location along US Highway 19 provides substantial commercial visibility. The offering reports approximately 58,000 vehicles per day along the corridor, while the surrounding five-mile trade area has a reported population exceeding 128,000.

The combination of an established MÜV dispensary tenant, a long remaining lease term, contractual rent escalations, and parent-company guaranty distinguishes this offering from conventional retail properties and shorter-term cannabis leases.

Investors should review the complete lease, guaranty, rent schedule, renewal provisions, property condition, and any exclusions from the advertised NNN structure. The actual net operating income and capitalization rate should also be confirmed through the offering memorandum and executed lease before acquisition.

GreenZones Intelligence Score: 94/100

GreenZones' editorial assessment reflects the property's active cannabis retail tenancy, established multi-state operator, long remaining lease term, true NNN lease structure, parent-company guaranty, and strategic retail corridor location.

The combination of an operating dispensary and long-term contractual income makes this a highly relevant cannabis commercial real estate investment opportunity.

The score represents an informed assessment of cannabis suitability and investment characteristics, not an appraisal or guarantee of investment performance.

About This Market Intelligence Record

This property is included in GreenZones' independent cannabis commercial real estate research. Information is compiled from publicly available sources and may not reflect current availability, pricing, lease terms, zoning, or licensing. Inclusion does not imply broker affiliation, owner authorization, or endorsement. Representative imagery may be used.

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