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Shopping Strip

Trulieve - Palm Coast

28 N Old Kings Rd, Palm Coast, FL 32137

Listing Price: $2,139,000

Cap Rate
7.86%
Gross SF
6,572
Rentable SF
6,572
Price/Gross SF
$325.47
Lot Size
0.89 acres
Year Built
2002

Investment Overview

The medical office building at 28 N Old Kings Road offers an investor the opportunity to invest in the internet-resistant, service-based tenancy catering to the stable demographics of Palm Coast.

As Florida experiences a period of above-average population growth in the aftermath of the corona virus shutdowns, tertiary markets such as Palm Growth will experience additional interest due to a low cost of living, access to the beach and other natural amenities, and no state income tax.

As more states loosen regulations on cannabis, investors have the opportunity to secure income from businesses that have capitalized on first-mover advantage over the last few years. Additionally, this property's tenant mix cross-pollinates the cannabis product with the prescriber and medical practice on either side.

Investment Highlights

  • Solid, stucco construction and metal roof
  • Stable demographics with demand for medical services
  • Very close to I-95 & Palm Coast Parkway intersection
  • No state income tax

Exclusively Listed By

Listing Price: $2,139,000

Cap Rate
7.86%
Gross SF
6,572
Rentable SF
6,572
Price/Gross SF
$325.47
Lot Size
0.89 acres
Year Built
2002

Investment Highlights

  • Solid, stucco construction and metal roof
  • Stable demographics with demand for medical services
  • Very close to I-95 & Palm Coast Parkway intersection
  • No state income tax

Investment Overview

The medical office building at 28 N Old Kings Road offers an investor the opportunity to invest in the internet-resistant, service-based tenancy catering to the stable demographics of Palm Coast.

As Florida experiences a period of above-average population growth in the aftermath of the corona virus shutdowns, tertiary markets such as Palm Growth will experience additional interest due to a low cost of living, access to the beach and other natural amenities, and no state income tax.

As more states loosen regulations on cannabis, investors have the opportunity to secure income from businesses that have capitalized on first-mover advantage over the last few years. Additionally, this property's tenant mix cross-pollinates the cannabis product with the prescriber and medical practice on either side.

Exclusively Listed By

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