3271 Gulf Breeze Pky 2,220 SF Retail Building Gulf Breeze, FL 32563 $1,510,667 ($680.48/SF) 7.50% Cap Rate

The property at 3271 Gulf Breeze Parkway, Gulf Breeze, FL 32563 presents a prime investment opportunity featuring a single-tenant Trulieve Cannabis Corp dispensary under a long-term lease. This freestanding retail building offers 2,220 square feet on a 0.28-acre lot, strategically positioned along Highway 98 with excellent visibility and a dedicated turn lane. Built in 1970 and zoned HCD (Highway Commercial Development), the site includes 12 parking spaces and prominent signage at a signalized intersection. The offering is priced at $1,510,667, reflecting a 7.50% cap rate and generating a net operating income of $113,300, with Triple Net (NNN) lease terms ensuring minimal landlord responsibilities. Trulieve, Florida’s largest medical cannabis operator with a strong national footprint, opened this location in July 2024, reinforcing its commitment to serving patients in Santa Rosa County. The property benefits from high traffic counts, proximity to major retailers, and Gulf Breeze’s growing medical cannabis market, making it an attractive, stable asset for investors seeking long-term income and exposure to a rapidly expanding industry.