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Miscellaneous

Trulieve

4020 NW 26th St, Miami, FL 33142

Listing Price: $2,076,000

Cap Rate
7.00%
Tenant Name
Trulieve
Years Remaining On Lease
5.6
Gross SF
3,386
Guarantor
Corporate Guarantee
Rentable SF
3,386
Price/Gross SF
$613.11
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.92

Investment Overview

Marcus & Millichap is pleased to offer this 3,386 sq ft Trulieve medical cannabis dispensary located in Miami, Florida. Trulieve, operator of 66 locations nation-wide, signed a ten-year, triple net lease in April 2017 featuring three-percent annual increases through lease term. The subject property is corporately guaranteed and publicly traded on multiple platforms. Triple Net lease structure offers minimal landlord responsibility with annual increase in rent and two five-year options to extend.

Investment Highlights

  • Located Just East of Miami International Airport
  • Triple Net Lease, Minimal Landlord Responsibility
  • Corporate-Backed Lease
  • Trulieve is Publicly Traded
  • Over 695,000 Residents in a Five-Mile Radius
  • Gold Standard Tenant in Medical Marijuana

Exclusively Listed By

Listing Price: $2,076,000

Cap Rate
7.00%
Tenant Name
Trulieve
Years Remaining On Lease
5.6
Gross SF
3,386
Guarantor
Corporate Guarantee
Rentable SF
3,386
Price/Gross SF
$613.11
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.92

Investment Highlights

  • Located Just East of Miami International Airport
  • Triple Net Lease, Minimal Landlord Responsibility
  • Corporate-Backed Lease
  • Trulieve is Publicly Traded
  • Over 695,000 Residents in a Five-Mile Radius
  • Gold Standard Tenant in Medical Marijuana

Investment Overview

Marcus & Millichap is pleased to offer this 3,386 sq ft Trulieve medical cannabis dispensary located in Miami, Florida. Trulieve, operator of 66 locations nation-wide, signed a ten-year, triple net lease in April 2017 featuring three-percent annual increases through lease term. The subject property is corporately guaranteed and publicly traded on multiple platforms. Triple Net lease structure offers minimal landlord responsibility with annual increase in rent and two five-year options to extend.

Exclusively Listed By

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