Trulieve - Pensacola
For sale3119 N Davis Hwy, Pensacola, FL 32503
Property type
Retail
Unit / Space count
1
Price
Subject to Offer
Building size
6,566 sf
Rentable area
6,566 SF
Year renovated
2021
Property class
A
Lot size
1.26 Acres
Sold/status
On Market
Property description
Franklin Street is pleased to offer for sale a 6,566 square foot, NNN Trulieve-anchored retail property that includes a net lease with DocMJ, a medical marijuana clinic. Trulieve is the leading medical cannabis company in the U.S., with 233 locations (162 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 an irreplaceable location in Pensacola.
Property highlights
- Fee Simple offering with enhanced depreciation
- Centrally located in Pensacola within proximity to Interstate 110 and Interstate 10
- 30 dedicated parking spaces
- Trulieve is a publicly traded (“TCNNF”) $1.2 Billion Company
- Significant daytime population of ~78,000 within a 3-mile radius
- Trulieve operates 162 locations in Florida and 233 nationwide
- “Hard Corner” located on North Davis Highway and East Texar Drive
- EBITDA of $420 million in 2024 • Absolute net lease - no financial obligations