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1341 State Road 60 E
Lake Wales, FL 33853
Retail Property For Sale


Investment Highlights
- No Surrounding Competition: Trulieve operates as the only dispensary in Lake Wales, the nearest competing dispensaries are located more than 10 miles
- Surrounding National Retailers:Asset benefits from proximity to major national retail anchors including Walmart, Aldi, Rural King, etc.
- AdventHealth Lake Wales: Property operates less than half a mile from a 160-Bed AdventHealth Lake Wales Hospital
Executive Summary
STNL.com is pleased to present this 100% fee simple Trulieve cannabis dispensary located in Lake Wales, FL. Three reasons to own this property include:
1. Only Dispensary in Lake Wales : Recently opened, Trulieve has established a presence in Lake Wales as the only operating dispensary within the city and the only dispensary serving a 7-Mile Radius. This positioning provides the location with a distinct competitive advantage, allowing it to serve as the primary cannabis retail destination for the surrounding trade area. The site is supported by more than 38,000 residents within a 7-Mile radius, providing a substantial customer base with no direct competition.
2. AdventHealth Lake Wales : Situated less than half a mile from AdventHealth Lake Wales, a 160-bed acute care hospital and leading healthcare provider for the region, the property benefits from its proximity to a well-established medical hub. The facility employs approximately 440 healthcare professionals and support staff further showcasing the area as a destination for medical services and medical-adjacent Tenants like Trulieve
3. Surrounding Big Box Retailers : Positioned along State Road 60, Lake Wales’ primary commercial corridor, the property benefits from proximity to several major retail anchors, including Walmart, Aldi, Rural King, and Ollie’s Bargain Outlet. These established retailers generate significant consumer traffic and reinforce the corridor’s role as the area’s dominant shopping destination, serving Lake Wales and the surrounding communities.
1. Only Dispensary in Lake Wales : Recently opened, Trulieve has established a presence in Lake Wales as the only operating dispensary within the city and the only dispensary serving a 7-Mile Radius. This positioning provides the location with a distinct competitive advantage, allowing it to serve as the primary cannabis retail destination for the surrounding trade area. The site is supported by more than 38,000 residents within a 7-Mile radius, providing a substantial customer base with no direct competition.
2. AdventHealth Lake Wales : Situated less than half a mile from AdventHealth Lake Wales, a 160-bed acute care hospital and leading healthcare provider for the region, the property benefits from its proximity to a well-established medical hub. The facility employs approximately 440 healthcare professionals and support staff further showcasing the area as a destination for medical services and medical-adjacent Tenants like Trulieve
3. Surrounding Big Box Retailers : Positioned along State Road 60, Lake Wales’ primary commercial corridor, the property benefits from proximity to several major retail anchors, including Walmart, Aldi, Rural King, and Ollie’s Bargain Outlet. These established retailers generate significant consumer traffic and reinforce the corridor’s role as the area’s dominant shopping destination, serving Lake Wales and the surrounding communities.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,427 SF
Building Class
C
Year Built/Renovated
1964/2024
Price
$2,671,060 CAD
Price Per SF
$1,100.56 CAD
Cap Rate
7.25%
NOI
$193,652 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.20 AC
Zoning
C3
Parking
15 Spaces (6.18 Spaces per 1,000 SF Leased)
Frontage
112’ on Sr-60 Hwy
Property Taxes
| Parcel Number | 28-30-06-939500-001095 | Improvements Assessment | $146,384 CAD |
| Land Assessment | $95,753 CAD | Total Assessment | $242,138 CAD |
Property Taxes
Parcel Number
28-30-06-939500-001095
Land Assessment
$95,753 CAD
Improvements Assessment
$146,384 CAD
Total Assessment
$242,138 CAD
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