Log In/Sign Up
Your email has been sent.
2420 Washington Ave
Houston, TX 77007
Trulieve · Retail Property For Sale
Investment Highlights
- Trulieve (NYSE: TRLV) — 240+ dispensaries nationwide, $1.2B revenue, 60% gross margin
- 2.00% annual rental escalations providing predictable NOI growth
- Premier Houston infill location in the Washington Corridor, ±1.4 miles from Downtown
- Brand new 5-year NNN lease with two 5-year renewal options (~15 years total)
- Tenant holds Texas Compassionate Use Program medical cannabis license
- Texas limited-license market — only 15 total licensed operators statewide
Executive Summary
Patrick Graham
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
5,608 SF
Building Class
B
Year Built
1957
Price
$2,557,000
Price Per SF
$455.96
Cap Rate
7%
NOI
$179,000
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.56
Lot Size
0.23 AC
Zoning
None - N/A
Parking
15 Spaces (2.67 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 0071590000001 | Improvements Assessment | $395,679 |
| Land Assessment | $950,000 | Total Assessment | $1,345,679 |
Property Taxes
Parcel Number
0071590000001
Land Assessment
$950,000
Improvements Assessment
$395,679
Total Assessment
$1,345,679
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
