Shopping Strip

Trulieve and DocMJ - Bradenton

1103 14th St W, Bradenton, FL 34205

Listing Price: $1,225,000

Cap Rate
7.00%
Gross SF
6,149
Rentable SF
6,149
Price/Gross SF
$199.22
Lot Size
0.21 acres
Year Built
1925

Investment Overview

Marcus & Millichap is pleased to offer this two tenant retail center anchored by Trulieve Inc. The subject property is an approximately 6149 square foot center located on a 0.30 acre lot. All the tenants are current on their rent and paying on time. Trulieve Inc, operator of 57 locations nation-wide, is the main tenant of the center. Trulieve Inc is corporately guaranteed and publicly traded on multiple platforms. Triple Net lease structure offers minimal landlord responsibility with annual increases in rents and two five-year options to extend.
Trulieve is the gold standard in medical cannabis in the state of Florida with approximately fifty-one percent market share. Trulieves benefits include brand recognition, media attention, strong financial performance, and driven sales all position the company to see continuous growth. Their vertically integrated seed-to-sale operation is constantly adding new and exciting items to their product line. Trulieves widespread network and large delivery fleet provides important access to thousands of patients every day. Trulieve is traded on the Canadian Securities Exchange (CSE) under the ticker symbol TRUL and on the OTCQX Best Market under the ticker TCNNF.

Trulieve Bradenton is situated on the corner of 14th Street and 11th Avenue across the street from Martin & Pauls Barber Shop. The shops and entertainment of City Center and picturesque beauty of Riverwalk are just minutes from our dispensary.This location offers delivery services to Charlotte, DeSoto, Glades, Highlands, Hillsborough, Lee, Manatee, Pinellas, and Sarasota counties.

Investment Highlights

  • Corporate-backed Leases
  • All Triple Net Leases | 3% Annual Increases
  • Pro Rata Share Language
  • 100% Occupied and Paying Rent
  • Minimal Landlord Responsibility | Tenants Pay Vendors Directly
  • Walking Distance to Riverwalk and City Center

Exclusively Listed By

Shopping Strip

Trulieve and DocMJ - Bradenton

Listing Price: $1,225,000

Cap Rate
7.00%
Gross SF
6,149
Rentable SF
6,149
Price/Gross SF
$199.22
Lot Size
0.21 acres
Year Built
1925

Investment Highlights

  • Corporate-backed Leases
  • All Triple Net Leases | 3% Annual Increases
  • Pro Rata Share Language
  • 100% Occupied and Paying Rent
  • Minimal Landlord Responsibility | Tenants Pay Vendors Directly
  • Walking Distance to Riverwalk and City Center

Investment Overview

Marcus & Millichap is pleased to offer this two tenant retail center anchored by Trulieve Inc. The subject property is an approximately 6149 square foot center located on a 0.30 acre lot. All the tenants are current on their rent and paying on time. Trulieve Inc, operator of 57 locations nation-wide, is the main tenant of the center. Trulieve Inc is corporately guaranteed and publicly traded on multiple platforms. Triple Net lease structure offers minimal landlord responsibility with annual increases in rents and two five-year options to extend.
Trulieve is the gold standard in medical cannabis in the state of Florida with approximately fifty-one percent market share. Trulieves benefits include brand recognition, media attention, strong financial performance, and driven sales all position the company to see continuous growth. Their vertically integrated seed-to-sale operation is constantly adding new and exciting items to their product line. Trulieves widespread network and large delivery fleet provides important access to thousands of patients every day. Trulieve is traded on the Canadian Securities Exchange (CSE) under the ticker symbol TRUL and on the OTCQX Best Market under the ticker TCNNF.

Trulieve Bradenton is situated on the corner of 14th Street and 11th Avenue across the street from Martin & Pauls Barber Shop. The shops and entertainment of City Center and picturesque beauty of Riverwalk are just minutes from our dispensary.This location offers delivery services to Charlotte, DeSoto, Glades, Highlands, Hillsborough, Lee, Manatee, Pinellas, and Sarasota counties.

Exclusively Listed By

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