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Trulieve 3119 N Davis St

6,566 SF 100% Leased Retail Building Pensacola, FL 32503 £1,938,281 (£295/SF) 7.30% Net Initial Yield

Investment Highlights

  • Centrally located in Pensacola within close proximity to Interstate 110 and Interstate 10
  • Significant daytime population of 95,342 within a 3-mile radius
  • "Hard Corner" located on North Davis Highway and East Texar Drive

Executive Summary

This offering represents the unique opportunity to acquire Fee Simple ownership of a freestanding building, leased on a long-term basis to the leading medical marijuana dispensary in Florida. The Property is located in an irreplaceable location in Pensacola.

Attachments

Trulieve Net Leased Investment Pensacola Property Book

Property Facts

Sale Type
Investment NNN
Sale Condition
Sale & Leaseback
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,566 SF
Building Class
C
Year Built/Renovated
1972/2004
Price
£1,938,281
Price Per SF
£295
Net Initial Yield
7.30%
NOI
£141,495
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.12
Land Acres
1.26 AC
Zoning
M-1 Light Industrial, C-3
Parking
29 Spaces (4.42 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bus Route
  • Fenced Lot
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PROPERTY TAXES

Parcel Number 04-2S-30-6001-008-023 Improvements Assessment £489,446
Land Assessment £79,531 Total Assessment £568,977

PROPERTY TAXES

Parcel Number
04-2S-30-6001-008-023
Land Assessment
£79,531
Improvements Assessment
£489,446
Total Assessment
£568,977
(813) 223-6300

  • Listing ID: 30691467

  • Date on Market: 18/01/2024

  • Last Updated:

  • Address: 3119 N Davis St, Pensacola, FL 32503

The Retail Property at 3119 N Davis St, Pensacola, FL 32503 is currently available For Sale. Contact Cushman & Wakefield for more information.

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Trulieve | 3119 N Davis St
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Trulieve | 3119 N Davis St

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Jason Donald

(813) 223-6300

(813) 223-6300

Patrick Berman

(813) 223-6300

(813) 223-6300

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