Published at connectcre.com; click here for full article.
SRS Real Estate Partners’ most recent sale of a retail property occupied by a cannabis dispensary in Panama City has brought the company a 30% market share for sold cannabis retail in FL. The firm has brokered FL cannabis properties valued at just under $50 million.
According to SRS Real Estate Partners, investors are drawn to properties leased to medical marijuana dispensaries since they typically provide a higher-than-market yield when compared to other net-leased retail. These long-term leases usually range from 10 to 15 years and are structured to provide for annual increases and minimal landlord expense responsibilities. Read more here.