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Drug Store

Trulieve - Tamarac. FL

5900 Rock Island Rd, Tamarac, FL 33319

Listing Price: $1,955,250

Cap Rate
6.00%
Tenant Name
Trulieve
Years Remaining On Lease
7.3
Guarantor
Corporate Guarantee
Rentable SF
4,345
Lease Type
Absolute Net
Rent Per Square Feet
$27.00

Investment Overview

Marcus & Millichap is proud to present for sale 5900 Rock Island Road, Tamarac Florida. This property is leased to Trulieve on a 10 year net lease. 5900 Rock Island Rd is approximately a 4,300 square foot building constructed in 1975 and was fully renovated in 2020 with Trulieve’s brand, costing approximately $800K in capital improvements. All expenses and repairs are the responsibility of the tenant except the roof and the parking lot. Trulieve, is the first and leading medical cannabis company in the state of Florida. Trulieve is a vertically integrated “seed-to-sale” operation. The company has a dispensary network throughout the state of Florida and a large delivery fleet providing much needed medication to thousands of patients throughout the state. Trulieve has grown in recent years to over 200 locations and has approximately 9,000 employees across nine states. According to the Wall Street Journal Trulieve has a market cap of $2.8B and sales in excess of 1.18B. This investment provides a steady stream of income in any market condition and is back by a billion dollar company that continues to grow and expand operations throughout the country.

Investment Highlights

  • Trulieve is a publicly traded ("TCNNF") $1 Billion Dollar Company
  • Trulieve operates 120+ locations in Florida and 200+ nationwide
  • High traffic count with 29,500 VPD at on Rock Island Road

Exclusively Listed By

Drug Store

Trulieve - Tamarac. FL

Listing Price: $1,955,250

Cap Rate
6.00%
Tenant Name
Trulieve
Years Remaining On Lease
7.3
Guarantor
Corporate Guarantee
Rentable SF
4,345
Lease Type
Absolute Net
Rent Per Square Feet
$27.00

Investment Highlights

  • Trulieve is a publicly traded ("TCNNF") $1 Billion Dollar Company
  • Trulieve operates 120+ locations in Florida and 200+ nationwide
  • High traffic count with 29,500 VPD at on Rock Island Road

Investment Overview

Marcus & Millichap is proud to present for sale 5900 Rock Island Road, Tamarac Florida. This property is leased to Trulieve on a 10 year net lease. 5900 Rock Island Rd is approximately a 4,300 square foot building constructed in 1975 and was fully renovated in 2020 with Trulieve’s brand, costing approximately $800K in capital improvements. All expenses and repairs are the responsibility of the tenant except the roof and the parking lot. Trulieve, is the first and leading medical cannabis company in the state of Florida. Trulieve is a vertically integrated “seed-to-sale” operation. The company has a dispensary network throughout the state of Florida and a large delivery fleet providing much needed medication to thousands of patients throughout the state. Trulieve has grown in recent years to over 200 locations and has approximately 9,000 employees across nine states. According to the Wall Street Journal Trulieve has a market cap of $2.8B and sales in excess of 1.18B. This investment provides a steady stream of income in any market condition and is back by a billion dollar company that continues to grow and expand operations throughout the country.

Exclusively Listed By

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