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7002 State Road 54 2,400 SF Retail Building New Port Richey, FL 34653 $1,040,000 ($433.33/SF) 6.30% Cap Rate
Executive Summary
Tenancy Property is subject to a Corporate Guaranteed NNN lease by Trulieve Cannabis Dispensary (CSE: TRUL | OTCQX: TCNNF) with a 2025 market cap of $1.6B and 2025 EBITDA of $425M.
Tenant is responsible for property taxes, insurance, and common area maintenance with minimal landlord responsibilities.
The building has experienced full exterior and interior renovation: new roof, new HVAC systems, new façade, ?site work, and interior build out.
Located at the southeast corner of State Road 54 and Celine, the site experiences excess of 50,000 VPD and over 200 FT of frontage with two points of ingress and egress and east/west median break access.
Surrounding trade area benefits from Pasco County’s explosive growth one of the fastest-growing counties in the nation with population increasing by 30% over the past decade (approximately 3.8% annually).
Property Facts
Amenities
- Corner Lot
- Security System
- Signage
- Air Conditioning
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Manufacturing
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
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 | |
|
|
Manufacturing | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-26-16-0010-00A00-0000 | Improvements Assessment | $159,956 |
| Land Assessment | $137,531 | Total Assessment | $297,487 |
Property Taxes
Presented by
7002 State Road 54
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