Shopping Strip

Trulieve and DocMJ

8435 4th St N, St. Petersburg, FL 33702

Listing Price: $1,352,000

Cap Rate
8.02%
Gross SF
3,422
Rentable SF
3,422
Price/Gross SF
$395.09
Lot Size
0.38 acres
Year Built
1950

Investment Overview

Marcus & Millichap is pleased to offer this 3,422 square foot the subject property located in St. Petersburg, Florida. Trulieve, operator of 66 locations nation-wide, signed a five-year, triple net lease in June of 2017 featuring three-percent annual increases through lease term. DocMJ, compassionate care doctor for marijuana recommendations, operates 27 locations in the state of Florida, and executed an option in August of 2020. The subject property offers triple net leases with minimal landlord responsibility and annual increases in rent. Trulieve is corporately backed and publicly traded company with strong financials.

Investment Highlights

  • Major Capital Expenditure Improvements
  • Compassionate Care Doctor on Site
  • Trulieve is Publicly Traded on the Canadian Stock Exchange
  • Triple Net Leases | Three Percent Annual Increases | Pro Rata Share
  • Tenants Pay All Expenses Directly | Minimal Landlord Responsibility
  • Gold Standard Tenant in Medical Marijuana

Exclusively Listed By

Listing Price: $1,352,000

Cap Rate
8.02%
Gross SF
3,422
Rentable SF
3,422
Price/Gross SF
$395.09
Lot Size
0.38 acres
Year Built
1950

Investment Highlights

  • Major Capital Expenditure Improvements
  • Compassionate Care Doctor on Site
  • Trulieve is Publicly Traded on the Canadian Stock Exchange
  • Triple Net Leases | Three Percent Annual Increases | Pro Rata Share
  • Tenants Pay All Expenses Directly | Minimal Landlord Responsibility
  • Gold Standard Tenant in Medical Marijuana

Investment Overview

Marcus & Millichap is pleased to offer this 3,422 square foot the subject property located in St. Petersburg, Florida. Trulieve, operator of 66 locations nation-wide, signed a five-year, triple net lease in June of 2017 featuring three-percent annual increases through lease term. DocMJ, compassionate care doctor for marijuana recommendations, operates 27 locations in the state of Florida, and executed an option in August of 2020. The subject property offers triple net leases with minimal landlord responsibility and annual increases in rent. Trulieve is corporately backed and publicly traded company with strong financials.

Exclusively Listed By

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