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Trulieve 601 S High St 9,900 SF Retail Building Columbus, OH 43215 $4,248,750 ($429.17/SF) 8% Cap Rate
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 combined medical and adult use sales surpassing $3B
Executive Summary
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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 9,900 SF
- -
- Triple Net
- -
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 Type | Lease End | |
|
|
Retailer | 9,900 SF | - | Triple Net | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 010-034829 | Improvements Assessment | $166,120 |
| Land Assessment | $86,110 | Total Assessment | $252,230 |
Property Taxes
Presented by
Trulieve | 601 S High St
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