Trulieve - Palm Coast
For sale28 Old Kings Rd N, Palm Coast, FL 32137
Property type
Retail
Unit / Space count
1
Price
Subject to Offer
Building size
6,434 SF
Year renovated
2021
Lot size
0.82 acres
Property description
Franklin Street is pleased to offer for sale a 6,434 SF multitenant retail building anchored by Trulieve, the leading medical cannabis company in the U.S., with 225 locations (165 Florida locations). The building also includes Flagler Family Medicine and Wellness and DOC MJ. This offering represents the opportunity to acquire Fee Simple ownership of the building, with Trulieve occupying 3,169 SF under a long-term NNN lease. The Property sits on a 0.82-acre site in a dense retail corridor anchored by national credit retailers such as Publix, Walmart, Lowe’s, Wawa, Chick-Fil-A, and The Home Depot, with direct access to Interstate 95 and Palm Coast Parkway, two of the region’s highest-trafficked arteries.
Property highlights
- Fee Simple offering with enhanced depreciation
- Centrally located in Palm Coast with access to major arteries including interstate 95 and Palm Coast Parkway
- Above-average household income: $126,713 within a 3-mile radius
- Trulieve is a publicly traded (“TCNNF”) $1.2 Billion Dollar Company
- Strong trade area employment (13,516 employees within a 3-mile radius) generates significant tenant sales
- 55 parking spaces
- Trulieve operates 165 locations in Florida and 225 nationwide
- Located within 0.5 miles of Interstate 95
- EBITDA of $420 million in 2024
- Absolute net lease - no financial obligations
- Located in one of the fastest-growing counties in the state