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Trulieve 601 S High St 9,900 SF 100% Leased Office Building Columbus, OH 43215 $4,248,750 ($429.17/SF) 8% Cap Rate

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Investment Highlights

  • Long Lease Term: Brand-new 10-year lease running through June 2035, with two (2) five-year renewal options on the back end.
  • Attractive Rental Increases: 3.00% annual rent escalations, creating strong, predictable NOI growth and built-in inflation protection.
  • Strong Multi-State/Established Operator: Trulieve is one of the largest cannabis operators in the country, with over 230 dispensaries and approximate
  • Absolute NNN Lease: The property is leased under an absolute NNN structure, with the tenant responsible for all operating expenses, including taxes, i
  • High Barrier To Entry: The property operates as a state-licensed cannabis dispensary, a use that benefits from strict licensing caps, zoning restricti
  • Strong Cannabis Market: Ohio is one of the most attractive cannabis markets in the U.S., with medical marijuana sales exceeding $2.28 billion to date.

Executive Summary

Broker of Record
Matt Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
9,900 SF
Building Class
B
Year Built/Renovated
1969/2016
Price
$4,248,750
Price Per SF
$429.17
Cap Rate
8%
NOI
$339,900
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,300 SF
Slab To Slab
10’
Building FAR
0.84
Lot Size
0.27 AC
Zoning
UCR - Mixed-Use, Urban Core
Parking
26 Spaces (4.33 Spaces per 1,000 SF Leased)

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • All Advanced Tactical Klean
  • Construction
  • -
  • -
  • -
  • Administrative and Support Services
  • -
  • -
  • -

Founded in 1989, PeopleReady provides temporary and on-demand staffing solutions across North America. The company serves a range of industries including construction, manufacturing, logistics, retail, and hospitality. Headquartered in Tacoma, Washington, PeopleReady operates as a subsidiary of TrueBlue, Inc. (NYSE: TBI), a publicly traded workforce solutions provider. PeopleReady utilizes its proprietary JobStack mobile app to connect businesses with workers efficiently. The company is privately held and has expanded its presence to states across the USA. Notable milestones include the launch of JobStack and strategic partnerships to address labor shortages in skilled trades.

  • 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
All Advanced Tactical Klean Construction - - -
Administrative and Support Services - - -
Manufacturing - - -
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
010-034829
Land Assessment
$86,110
Improvements Assessment
$166,120
Total Assessment
$252,230
  • Listing ID: 39309023

  • Date on Market: 2/3/2026

  • Last Updated:

  • Address: 601 S High St, Columbus, OH 43215

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