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1814 Commerce Ave
Vero Beach, FL 32960
Trulieve · Commerce de détail Propriété À vendre
Certaines informations ont été traduites automatiquement.
FAITS SAILLANTS DE L'INVESTISSEMENT
- Fee Simple Ownership with enhanced depreciation benefits
- Strong Tenant Covenant: Trulieve is the #1 medical cannabis operator in Florida with 160+ national locations and 48% state market share
- Reliable Cash Flow: Annual base rent escalations of 2% provide built-in income growth
- Long-Term NNN Lease — Tenant responsible for all taxes, insurance, maintenance, and utilities
- Growing Market: Indian River County features high median household income $101,474 within 3 miles and strong employment base 36,000+ employees nearby
- Strategic Location: Central Vero Beach corridor with strong traffic counts and proximity to major redevelopment initiatives
RÉSUMÉ DE L'ANNONCE
Annual Rent (Current): $116,294 (2023–2024 term)
Lease Expiration: August 31, 2033
Rent Growth Schedule: Continues through 2033, reaching $138,982 in final lease year (6.89% cap)
Tenant Financials (2024):
Revenue: $1.2 Billion
Gross Profit: $716 Million (60% margin)
EBITDA: $420 Million
Freestanding retail property on Commerce Avenue, situated near U.S. Highway 1 (±22,240 VPD) and major arterial routes including State Road 60 and State Road 656.The site benefits from excellent visibility and access in a high-density trade area with nearby retailers such as Publix, Majestic 11 Theatre, and other neighborhood shopping centers (Luria’s Plaza, Miracle Mile, Indian River Plaza).Located less than half a mile from the Vero Beach Airport and civic destinations such as the Indian River Courthouse and County Library.
Address: 1814 Commerce Avenue, Vero Beach, FL 32960
Tenant: Trulieve (Publicly traded, “TCNNF”)
Building Size: 3,586 SF
Lot Size: ±0.20 acres (8,712 SF)
Year Renovated: 2021
Lease Type: Absolute Triple Net (NNN)
Lease Term: 12 years (commenced Sept. 1, 2021; expires Aug. 31, 2033)
Options: Two (2) five-year extensions
Base Rent Escalations: 2% annually
Parking: Nine dedicated spaces + ample street parking
Lease Expiration: August 31, 2033
Rent Growth Schedule: Continues through 2033, reaching $138,982 in final lease year (6.89% cap)
Tenant Financials (2024):
Revenue: $1.2 Billion
Gross Profit: $716 Million (60% margin)
EBITDA: $420 Million
Freestanding retail property on Commerce Avenue, situated near U.S. Highway 1 (±22,240 VPD) and major arterial routes including State Road 60 and State Road 656.The site benefits from excellent visibility and access in a high-density trade area with nearby retailers such as Publix, Majestic 11 Theatre, and other neighborhood shopping centers (Luria’s Plaza, Miracle Mile, Indian River Plaza).Located less than half a mile from the Vero Beach Airport and civic destinations such as the Indian River Courthouse and County Library.
Address: 1814 Commerce Avenue, Vero Beach, FL 32960
Tenant: Trulieve (Publicly traded, “TCNNF”)
Building Size: 3,586 SF
Lot Size: ±0.20 acres (8,712 SF)
Year Renovated: 2021
Lease Type: Absolute Triple Net (NNN)
Lease Term: 12 years (commenced Sept. 1, 2021; expires Aug. 31, 2033)
Options: Two (2) five-year extensions
Base Rent Escalations: 2% annually
Parking: Nine dedicated spaces + ample street parking
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Bien à usage mixte
Taille du bâtiment
3 586 pi²
Classe d’immeuble
C
Année de construction
1984
Prix
2 780 326 $ CAD
Prix par pi²
775,33 $ CAD
Taux de capitalisation
6,79%
Revenu net d’exploitation
188 784 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,41
Taille du lot
0,20 AC
Zonage
M - Medium-Density Residential
Stationnement
10 places (2,79 places par 1 000 pi² loué)
Impôts fonciers
| Numéro de lot | 33-39-01-00044-0030-00006.0 | Évaluation des bâtiments | 471 947 $ CAD |
| Évaluation du terrain | 61 527 $ CAD | Évaluation totale | 533 474 $ CAD |
Impôts fonciers
Numéro de lot
33-39-01-00044-0030-00006.0
Évaluation du terrain
61 527 $ CAD
Évaluation des bâtiments
471 947 $ CAD
Évaluation totale
533 474 $ CAD
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