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Miscellaneous

Trulieve

1644 Florida Ave N, Lakeland, FL 33805

Listing Price: $1,080,000

Cap Rate
8.00%
Tenant Name
Trulieve
Years Remaining On Lease
2.5
Gross SF
2,113
Guarantor
Corporate Guarantee
Rentable SF
2,113
Price/Gross SF
$511.12
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.87

Investment Overview

Marcus & Millichap is pleased to offer this 2113 square foot Trulieve, medical cannabis dispensary, located in Lakeland, Florida. Trulieve, operator of 57 locations nation-wide, signed a five-year, triple net lease in November of 2018 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

  • Triple Net Lease, Minimal Landlord Responsibility
  • Three Percent Annual Increase
  • Corporate-Backed Lease
  • Trulieve Is Publicly Traded
  • Gold Standard Tenant in Medical Marijuana

Exclusively Listed By

Listing Price: $1,080,000

Cap Rate
8.00%
Tenant Name
Trulieve
Years Remaining On Lease
2.5
Gross SF
2,113
Guarantor
Corporate Guarantee
Rentable SF
2,113
Price/Gross SF
$511.12
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.87

Investment Highlights

  • Triple Net Lease, Minimal Landlord Responsibility
  • Three Percent Annual Increase
  • Corporate-Backed Lease
  • Trulieve Is Publicly Traded
  • Gold Standard Tenant in Medical Marijuana

Investment Overview

Marcus & Millichap is pleased to offer this 2113 square foot Trulieve, medical cannabis dispensary, located in Lakeland, Florida. Trulieve, operator of 57 locations nation-wide, signed a five-year, triple net lease in November of 2018 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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