Trulieve | 28 N Old Kings Rd
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Trulieve 28 N Old Kings Rd
6,434 SF 100% Leased Retail Building Palm Coast, FL 32137 $2,886,726 ($449/SF) 7.30% Cap Rate
Investment Highlights
- Centrally located in Palm Coast with access to major arteries including Interstate 95 and Palm Coast Parkway
- Strong trade area employment (14,242 employees within a 3-mile radius) generates significant tenant sales
- Located within 0.5 mile of Interstate 95
Executive Summary
Cushman and Wakefield is pleased to offer for sale a 6,434 square foot, NNN Trulieve-anchored retail property store that includes net leases with two medical clinics. Trulieve is the leading medical cannabis company in the U.S., with 190+ locations (127 Florida locations: 48% market share). This offering represents the unique opportunity to acquire Fee Simple ownership of a freestanding building, leased on a long-term basis to the leading medical marijuana dispensary in Florida. The Property is located in proximity to a full Interstate 95 interchange.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
6,434 SF
Building Class
B
Year Built
2002
Price
$2,886,726
Price Per SF
$449
Cap Rate
7.30%
NOI
$210,731
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.89 AC
Zoning
COM-2 - Commercial Office
Parking
42 Spaces (6.53 Spaces per 1,000 SF Leased)
Frontage
136 FT on North Old Kings Road
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 07-11-31-7001-000B0-0010 | Improvements Assessment | $409,787 |
| Land Assessment | $464,328 | Total Assessment | $874,115 |
PROPERTY TAXES
Parcel Number
07-11-31-7001-000B0-0010
Land Assessment
$464,328
Improvements Assessment
$409,787
Total Assessment
$874,115
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Trulieve | 28 N Old Kings Rd
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