Jungle Boys Cannabis Dispensary 1719 W Tennessee St 7,128 SF Retail Building Tallahassee, FL 32304 $3,941,630 ($552.98/SF) 7% Cap Rate

RIPCO Real Estate is pleased to offer for sale 1719 W Tennessee Street, a 7,128 SF commercial property located on the southside of W Tennessee Street in Tallahassee,
FL. Jungle Boys Cannabis Dispensary signed a 10-year, absolute NNN lease in 2022 which included a full renovation and annual rental increases. The property is located
in the most densely populated area in North Florida, with over 30,121 people within 1 mile of the site and just 0.25 miles from Florida State University with over 40,000
students enrolled. Nearly 4% of Florida’s total population are medical marijuana patients, making Florida the state with the highest number of medical marijuana patients
in the country for states tracking patient registry. This stretch of W Tennessee Street where the property is located has an AADT of 38,500. Within 3 miles of 1719 W
Tennessee Street, there is a population of 104,648 and an average household income of $59,528.
The asset would be an attractive investment opportunity for investors looking for no landlord responsibilities, a newly-renovated commercial property, occupied by a
tenant with strong dedication to the location, and located 0.25 miles from Florida State University, one of the largest universities in the Southeast United States.