Miscellaneous

Trulieve

1527 NW 6th St, Gainesville, FL 32601

Listing Price: $1,034,000

Cap Rate
8.00%
Tenant Name
Trulieve
Years Remaining On Lease
1.50
Gross SF
3,145
Guarantor
Corporate Guarantee
Rentable SF
3,145
Price/Gross SF
$328.78
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.30

Investment Overview

Marcus & Millichap is pleased to offer this 3,145 sq ft Trulieve medical cannabis dispensary located in Gainesville, Florida. Trulieve, operator of 57 locations nation-wide, signed a five-year, triple lease in June 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 multiple five-year options to extend.

Investment Highlights

  • Three Percent Annual Increase
  • Triple Net Lease, Minimal Landlord Responsibility
  • Corporate-Backed Lease
  • Publicly Traded

Exclusively Listed By

Listing Price: $1,034,000

Cap Rate
8.00%
Tenant Name
Trulieve
Years Remaining On Lease
1.50
Gross SF
3,145
Guarantor
Corporate Guarantee
Rentable SF
3,145
Price/Gross SF
$328.78
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.30

Investment Highlights

  • Three Percent Annual Increase
  • Triple Net Lease, Minimal Landlord Responsibility
  • Corporate-Backed Lease
  • Publicly Traded

Investment Overview

Marcus & Millichap is pleased to offer this 3,145 sq ft Trulieve medical cannabis dispensary located in Gainesville, Florida. Trulieve, operator of 57 locations nation-wide, signed a five-year, triple lease in June 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 multiple five-year options to extend.

Exclusively Listed By

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