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Madison, Florida
  • Madison, Florida
  • Madison, Florida

Madison, Florida

Asking Price: $1,091,428

Type: Turnkey Dispensary

Size: 2,450 sqft. | .3 acres

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  Prime Absolute NNN Dispensary Investment — Madison, FL

 

✨ Investment Highlights

  • Absolute NNN Lease — Zero landlord responsibilities; tenant covers taxes, insurance, maintenance, roof & structure.

  • Corporate-Guaranteed Lease — Backed by Mint Cannabis, a multi-state operator with 30+ dispensaries across six states.

  • Reliable Income Growth — Fixed 2.5% annual rent escalations deliver consistent NOI appreciation.

  • Limited Competition — One of only two dispensaries in Madison; nearest competition is 1 hour away.

  • High-Traffic Retail Corridor — Adjacent to CVS, Wells Fargo, McDonald’s, Burger King, Advance Auto Parts & O’Reilly Auto.

  • Excellent Access — Multiple ingress/egress points, strong visibility, and smooth customer access.

  • Healthcare & Education Proximity — Walkable to Madison County Memorial Hospital; near North Florida College, a major workforce hub.


📄 Executive Summary

This offering represents a rare chance to acquire a fully passive, absolute NNN cannabis asset with a corporate guarantee from one of the industry’s most sophisticated operators — Mint Cannabis. Renovated in 2025 and positioned at the western gateway to downtown Madison, the property serves a tightly constrained market with extremely limited competition and strong daily-use retail anchors.

With 5 years of base term remaining, 2.5% annual rent bumps, and two 5-year options, investors benefit from stable cash flow, predictable appreciation, and zero landlord duties. This is an ideal long-term hold for those seeking durable income in Florida’s fast-expanding adult-use conversion pipeline.


🏢 Property Overview

  • Asking Price: $1,091,428

  • Cap Rate: 8.75%

  • NOI: $95,500

  • Building Size: 2,450 SF

  • Lot Size: 0.30 Acres

  • Property Type: Office / Retail

  • Subtype: Convenience Store, Medical Office, Pharmacy/Drug

  • Year Renovated: 2025

  • Occupancy: 100%

  • Zoning: Commercial

  • Parking: Surface parking on-site

  • APN: 00-00-00-3880-000-000


📑 Lease Summary

  • Tenant: Mint Cannabis (Corporate Guaranteed)

  • Lease Type: Absolute NNN

  • Remaining Term: 5 Years

  • Annual Rent Increases: 2.50%

  • Lease Expiration: 2030

  • Renewal Options: (2) × 5-Year Options

  • Landlord Responsibilities: None — 0%


📍 Location Advantage

Located at a prominent gateway into downtown Madison, this dispensary benefits from consistent daily traffic, strong neighborhood anchors, and a protected market with very few competitors. With a built-in customer base from nearby medical centers, workforce hubs, and residential neighborhoods, this property is ideally positioned for sustained retail performance.


💡 Summary Overview

A rare, fully passive, corporate-backed cannabis investment offering strong yield, zero landlord responsibility, and built-in annual rent growth — all in a supply-constrained Florida market on the verge of major expansion.
This asset blends premium location, stable tenancy, and high barriers to entry, making it one of the most compelling NNN cannabis offerings available today.

Perfect for investors seeking reliable income, high-credit tenancy, and long-term upside in a market with exponential growth potential.

 

 

 


Offered Exclusively by Licensed Agents / Brokers

Listing #22130

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