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Green Thumb Industries - Tampa FL MSA 28053 Wesley Chapel Blvd 3,248 SF Retail Building Zephyrhills, FL 33543 $3,285,637 CAD ($1,011.59 CAD/SF) 7.15% Cap Rate
Investment Highlights
- 7+ Years Remaining | Corporate Guaranteed | Options To Extend | Annual Increases | Growing Tenant
- Demographics In 5-Mile Trade Area | High Growth Area
- The Grove at Wesley Chapel | Nearby National/Credit Tenants
- Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
- Wesley Chapel Boulevard | Interstate 75 | Excellent Visibility
- Westgate at Avalon Park | High Growth Area | New Baycare Development
Executive Summary
• 7+ years remain on this corporate guaranteed lease with an option to extend, demonstrating their commitment to the site
• The lease is signed by the parent operating company, Green Thumb Industries, dba Rise; Green Thumb has 20 manufacturing facilities, over 120 open retail locations and operations across 14 U.S. markets
• The lease features 3% annual rental increases throughout the initial term and option period, increasing NOI and hedging against inflation
• U.S. cannabis retail sales remain a significant growth market, with legal sales projected to surpass $50 billion annually by 2030 as additional states expand medical and adult-use programs
• Overall retail revenue increased 3.6% versus the second quarter of 2025
• The lease is signed by the parent operating company, Green Thumb Industries, dba Rise; Green Thumb has 20 manufacturing facilities, over 120 open retail locations and operations across 14 U.S. markets
• The lease features 3% annual rental increases throughout the initial term and option period, increasing NOI and hedging against inflation
• U.S. cannabis retail sales remain a significant growth market, with legal sales projected to surpass $50 billion annually by 2030 as additional states expand medical and adult-use programs
• Overall retail revenue increased 3.6% versus the second quarter of 2025
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,248 SF
Building Class
B
Year Built/Renovated
1991/2023
Price
$3,285,637 CAD
Price Per SF
$1,011.59 CAD
Cap Rate
7.15%
NOI
$234,908 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.90 AC
Zoning
C2 - Commercial
Parking
12 Spaces (3.69 Spaces per 1,000 SF Leased)
Frontage
218’ on Wesley Chapel Blvd
Amenities
- Freeway Visibility
- Monument Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-26-20-0000-00100-0120 | Improvements Assessment | $544,935 CAD |
| Land Assessment | $1,273,108 CAD | Total Assessment | $1,818,043 CAD |
Property Taxes
Parcel Number
07-26-20-0000-00100-0120
Land Assessment
$1,273,108 CAD
Improvements Assessment
$544,935 CAD
Total Assessment
$1,818,043 CAD
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Green Thumb Industries - Tampa FL MSA | 28053 Wesley Chapel Blvd
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