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Trulieve 1329 N Woodland Blvd 5,256 SF Retail Building Deland, FL 32720 $2,376,803 CAD ($452.21 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Absolute NNN Lease — Zero Landlord Obligations, Tenant is solely responsible for all real estate taxes, property insurance, CAM, etc.
- Long Term Lease – Approximately ±8.6 years remaining on the initial base term, coupled with two five-year options.
- New Roof – The property benefits from a new roof installed in 2026. Tenant is responsible from roof.
- Annual Rent Increases – Fixed 3.00% annual rental escalations provide a reliable hedge against inflation and support consistent income growth.
- Strong Multi-State/Established Operator – Trulieve is one of the largest cannabis operators in the United States, operating over 230 dispensaries.
- Prime Frontage on US Route 17 (1,206-Mile Atlantic Coastal Highway) – The subject property fronts N Woodland Boulevard.
Executive Summary
Kyle Matthews
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,256 SF
Building Class
B
Year Built/Renovated
1956/2026
Price
$2,376,803 CAD
Price Per SF
$452.21 CAD
Cap Rate
7.50%
NOI
$178,260 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.58 AC
Amenities
- Pylon Sign
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7004-09-00-0010 | Improvements Assessment | $351,270 CAD |
| Land Assessment | $220,312 CAD | Total Assessment | $571,582 CAD |
Property Taxes
Parcel Number
7004-09-00-0010
Land Assessment
$220,312 CAD
Improvements Assessment
$351,270 CAD
Total Assessment
$571,582 CAD
Contacts
-
Alexander Machado -
Jake Lurie -
Daniel Gonzalez -
Matthews Real Estate Investment Services
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Trulieve | 1329 N Woodland Blvd
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