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Trulieve Cocoa 4465 W King St 1,726 SF Retail Building Cocoa, FL 32926 $1,540,743 ($892.67/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Single Tenant Absolute NNN Lease with Zero Landlord Responsibilities
- Fully Guaranteed lease by the #1 medical marijuana company in Florida. Tenant open and operating.
- 3% Annual Increases
EXECUTIVE SUMMARY
Freestanding Trulieve medical marijuana dispensary located directly off of the I-95 exit of King Street.
Trulieve is open for business, completely redid the building in 2024.
~9 years remaining on initial lease | 3% annual increases | absolute NNN lease | No Landlord responsibilities | Fully Guaranteed lease
Trulieve is open for business, completely redid the building in 2024.
~9 years remaining on initial lease | 3% annual increases | absolute NNN lease | No Landlord responsibilities | Fully Guaranteed lease
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,726 SF
Building Class
C
Year Built/Renovated
1986/2024
Price
$1,540,743
Price Per SF
$892.67
Cap Rate
7.50%
NOI
$115,556
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.97 AC
Zoning
C - Commercial
Parking
12 Spaces (6.95 Spaces per 1,000 SF Leased)
Frontage
114’ on Florida 520
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Trulieve
- Retailer
- 1,726 SF
- -
- Triple Net
- Sep 2034
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Trulieve | Retailer | 1,726 SF | - | Triple Net | Sep 2034 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 24-35-35-00-00007.0-0000.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $451,260 |
PROPERTY TAXES
Parcel Number
24-35-35-00-00007.0-0000.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$451,260
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Trulieve Cocoa | 4465 W King St
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