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Trulieve 3945 A1A 6,428 SF Retail Building Saint Augustine, FL 32080 $6,247,064 CAD ($971.85 CAD/SF) 7.25% Cap Rate



Investment Highlights
- NNN Lease – Ideal investment for a passive investor.
- Long Term Lease – 15-year initial base term with over 10 years remaining, coupled with four (4) additional five-year renewal options featuring 3.00% a
- New Roof – The property benefits from a new roof installed in 2026.
- Annual Rent Increases – Fixed 3.00% annual rental escalations provide a reliable hedge against inflation and support consistent income growth througho
- Significant Tenant Capital Investment – Trulieve has demonstrated a strong long-term commitment to this location through substantial capital investmen
- Large Parcel Size – Situated on ±1.06 acres, the property offers strong residual land value and future redevelopment potential.
Executive Summary
Kyle Matthews
License # CQ1066435 (FL), BK3554632 (FL)
Matthews Real Estate Investment Services, LLC
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
Property Facts
Amenities
- Pylon Sign
- Restaurant
- Storage Space
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Manufacturing
- -
- -
- -
Trulieve is an industry leading, vertically integrated cannabis company and multi-state operator in the U.S., with established hubs in the Northeast, Southeast, and Southwest, anchored by leading market positions in Arizona, Florida, and Pennsylvania. Trulieve is poised for accelerated growth and expansion, building scale in retail and distribution in new and existing markets through its hub strategy. By providing innovative, high-quality products across its brand portfolio, Trulieve delivers optimal customer experiences and increases access to cannabis, helping patients and customers to live without limits. Trulieve is listed on the CSE under the symbol TRUL and trades on the OTCQX market under the symbol TCNNF.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Manufacturing | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 174485-0030 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,947,345 CAD |
Property Taxes
Presented by
Trulieve | 3945 A1A
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