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Investment Highlights

  • NNN Lease – Ideal investment for a passive investor.
  • Long Term Lease – 15-year initial base term with over 10 years remaining, coupled with four (4) additional five-year renewal options featuring 3.00% a
  • New Roof – The property benefits from a new roof installed in 2026.
  • Annual Rent Increases – Fixed 3.00% annual rental escalations provide a reliable hedge against inflation and support consistent income growth througho
  • Significant Tenant Capital Investment – Trulieve has demonstrated a strong long-term commitment to this location through substantial capital investmen
  • Large Parcel Size – Situated on ±1.06 acres, the property offers strong residual land value and future redevelopment potential.

Executive Summary

Broker of Record
Kyle Matthews
License # CQ1066435 (FL), BK3554632 (FL)
Matthews Real Estate Investment Services, LLC
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,428 SF
Building Class
B
Year Built/Renovated
1988/2022
Price
$4,564,132
Price Per SF
$710.04
Cap Rate
7.25%
NOI
$330,899
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.66 AC
Zoning
CG-B
Parking
60 Spaces (9.33 Spaces per 1,000 SF Leased)
Frontage
100’ on A1A South

Amenities

  • Pylon Sign
  • Restaurant
  • Storage Space
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Manufacturing
  • -
  • -
  • -

Trulieve is an industry leading, vertically integrated cannabis company and multi-state operator in the U.S., with established hubs in the Northeast, Southeast, and Southwest, anchored by leading market positions in Arizona, Florida, and Pennsylvania. Trulieve is poised for accelerated growth and expansion, building scale in retail and distribution in new and existing markets through its hub strategy. By providing innovative, high-quality products across its brand portfolio, Trulieve delivers optimal customer experiences and increases access to cannabis, helping patients and customers to live without limits. Trulieve is listed on the CSE under the symbol TRUL and trades on the OTCQX market under the symbol TCNNF.

Tenant Industry SF Occupied Rent/SF Lease End
Manufacturing - - -

Nearby Major Retailers

StretchLab
Starbucks
Publix
Bank of America
First Watch
Beef 'O' Brady's
Hurricane Grill & Wings

Property Taxes

Property Taxes

Parcel Number
174485-0030
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,422,739
  • Listing ID: 39809496

  • Date on Market: 3/17/2026

  • Last Updated:

  • Address: 3945 A1A, Saint Augustine, FL 32080

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