Miscellaneous

Trulieve

645 Bayway Blvd, Clearwater, FL 33767

Listing Price: $2,103,000

Cap Rate
8.00%
Tenant Name
Trulieve
Years Remaining On Lease
3.0
Gross SF
2,519
Guarantor
Corporate Guarantee
Rentable SF
2,519
Price/Gross SF
$834.86
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$66.80

Investment Overview

Marcus & Millichap is pleased to offer this 2,519 sq ft Trulieve medical cannabis dispensary located in Clearwater, Florida. Trulieve, operator of 57 locations nation-wide, signed a five-year, triple lease in February 2019 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

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

Exclusively Listed By

Listing Price: $2,103,000

Cap Rate
8.00%
Tenant Name
Trulieve
Years Remaining On Lease
3.0
Gross SF
2,519
Guarantor
Corporate Guarantee
Rentable SF
2,519
Price/Gross SF
$834.86
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$66.80

Investment Highlights

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

Investment Overview

Marcus & Millichap is pleased to offer this 2,519 sq ft Trulieve medical cannabis dispensary located in Clearwater, Florida. Trulieve, operator of 57 locations nation-wide, signed a five-year, triple lease in February 2019 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

MM Texture Background
MM Textured Background Lower