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Goldflower Cannabis Dispensary 3513 Apalachee Pky 2,485 SF Retail Building Tallahassee, FL 32311 $1,877,551 ($755.55/SF) 7.35% Cap Rate
Investment Highlights
- Modern Construction: 2026 retrofit featuring a ±2,485 SF modern prototype with strong curb appeal and high visibility.
- Prime Walmart Pad Site: Subject property is on an extremely desirable pad site to Walmart, which serves over 1,725,512 customers annually.
- Expanding Cannabis Market: Florida has an expanding medical cannabis market, backed by resilient consumer demand.
- Long Lease Term: ±10 years remaining on an Absolute NNN lease with extremely attractive 3% annual increases.
- National Retail Neighbors: Nearby national tenants include Taco Bell, Take 5, Pizza Hut, Target, CVS, Advance Auto Parts, Dunkin’, and many more.
- High Traffic Frontage: Prime frontage along Apalachee Parkway, which sees in excess of 33,000 vehicles daily.
Executive Summary
Broker of Record
Kyle Matthews
License # CQ1066435, BK3554632
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # CQ1066435, BK3554632
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
2,485 SF
Building Class
B
Year Built
2025
Price
$1,877,551
Price Per SF
$755.55
Cap Rate
7.35%
NOI
$138,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.90 AC
Zoning
CP - Commercial Parkway
Parking
16 Spaces (6.44 Spaces per 1,000 SF Leased)
Frontage
190’ on Apalachee
Amenities
- Banking
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Wheelchair Accessible
Nearby Major Retailers
Property Taxes
| Parcel Number | 31-03-45-000-004.0 | Improvements Assessment | $371,690 |
| Land Assessment | $254,826 | Total Assessment | $626,516 |
Property Taxes
Parcel Number
31-03-45-000-004.0
Land Assessment
$254,826
Improvements Assessment
$371,690
Total Assessment
$626,516
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Goldflower Cannabis Dispensary | 3513 Apalachee Pky
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