6808 Thomasville Rd
Tallahassee, FL 32312
Unit 109 · Retail Property For Sale

STNL.com is pleased to present this 100% fee simple MUV cannabis dispensary located in Tallahassee, FL. Three reasons to own this property include:
1. Exceptional Lease Fundamentals : MÜV executed a 15-year initial lease at this location, representing an exceptionally rare long-term commitment within the dispensary sector and positioning this offering among the longest remaining lease terms currently available on the market. With attractive 3% annual rental escalations, the asset delivers a compelling 8.85% blended cap rate during the initial ownership period, providing investors with durable cash flow growth and stability.
2. Limited Competition : MÜV operates in a trade area with only two dispensaries located within a 4.5-mile radius, creating a strong competitive advantage and supporting strong store performance. The surrounding 3-mile area includes 46,000 residents with an average HHI exceeding $163,000. Located approximately 10 minutes from the Florida–Georgia state line, allowing the site to capture consumer traffic from both North Florida and Southern Georgia, strengthening the tenant’s overall presence.
3. Expanding Commercial Trade Area: Anchored by a corporately owned Publix directly across the street, a site that has remained under Publix ownership since 1993. Strengthened by national retailers including a corporately owned Target, as well as brands such as Chick-fil-A, Circle K, and Dunkin’. The area continues to experience commercial growth with new developments featuring retailers such as Dutch Bros, Chipotle, Culver’s, and Waffle House, reinforcing the property with continued expansion.