Overview

Description

THE OFFERING
The Trulieve Portfolio is comprised of 8 Trulieve stores, located throughout Florida. Trulieve is the leading medical cannabis company in the U.S with more than 100 locations in Florida:

• 8 Net Leased Properties
• New 12 year lease extension from (09-01-2021 to 08-31-2033)
• Trulieve Portfolio Net Revenue: $1,190,207 (2% Annual Escalations)
• Purchase Price: $21,838,658 (5.45% Cap Rate)

Properties may be available on an individual basis. Please inquire with the broker for additional info.

PROPERTIES

JACKSONVILLE • 6259 Beach Blvd, Jacksonville, FL 32216
GAINESVILLE • 1527 NW 6th St and 1516 NW 5th Street, Gainesville, FL 32601
LAKELAND • 1644 N Florida Ave, Lakeland, FL 33805
CLEARWATER BEACH • 645 Bayway Blvd, Clearwater Beach, FL 33767
VENICE • 1290 Jacaranda Blvd, Venice, FL 34292
VERO BEACH • 1814 Commerce Ave, Vero Beach, FL 32960
DANIA BEACH • 520 Stirling Rd, Dania Beach, FL 33004
MIAMI • 4020 NW 26th St, Miami, FL 33142

Due diligence materials immediately available with mutually agreed upon LOI.

Highlights

• New 12-Year NNN Leases
• Two Percent (2%) Annual Escalations
• Dominant MMD Operator in Florida: 48% Market Share
• 2021 Revenue: $938.4 M.

Documents

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