4740 SR-46 - Drug Store FOR SALE
Sanford, FL 32771 |
$3,210,000 USD
561-427-6699
4740 SR-46
Sanford, FL 32771
HIGHLIGHTS
- Trulieve is Florida's dominant medical marijuana treatment center with 162 locations and nearly $900M in revenue
- High-profile location with clear visibility to 130,000 cars per day along Interstate-4 and shared traffic light with Starbucks, McDonalds and Wawa
- 2.0% annual rent increases provide inflation hedge and fee simple ownership allows for depreciation which boosts after tax returns
- Corporate NNN Lease provides passive ownership and stable cash flow for absentee owner
- Florida's medical cannabis industry has grown to over $2.5 billion in annual sales making it the nation's larget medical market and number 3 overall
- Zoning and distance requirements make it difficult to find dispensary locations and Trulieve dispensaries average $5.6M in sales
FOR SALE DETAILS
PRICE
$3,210,000 USD
PRICE/SF
$803 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Trulieve | 7.0% CAP | Trophy Location
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Fast Food, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
41
LAND DETAILS
LAND ACRES
0.53 AC
LAND SF
23,141 SF
ZONING
C2
APN/PARCEL ID
29-19-30-300-006A-0000
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561-427-6699
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561-427-6699
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