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31780330
31780329

3513 Apalachee Pkwy, Tallahassee, FL 32311

SL
TX 790608
Matthews
JB
TX 688810
Matthews
Listed by Matthews
$1,858,039
49 days on market
Updated 29 days ago

Goldflower Cannabis Dispensary | Walmart Pad Site | Florida

Details
Property Type Retail
Sub Type Convenience Store, Gas Station (+1)
Square Footage 2,485
Cap Rate 7.65%
NOI $142,140
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 10.1
Lease Expiration 12/31/2035
Remaining Term 9.6
Rent Bumps Yes
Lease Options Two, 5-Year Options
Price per SqFt $748
Year Renovated 2026
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/13/2025
Ground Lease No

3% Annual Increases | Dense Retail Corridor

Investment highlights

Investment highlights

● 2026 retrofit construction featuring a ±2,485 SF modern prototype with strong curb appeal and high visibility

● ±10 years remaining on an Absolute NNN lease with extremely attractive 3% annual increases

● Subject property is on an extremely desirable pad site to Walmart, which serves over 1,725,512 customers annually (Alphamaps)

● Nearby national tenants include Taco Bell, Take 5, Pizza Hut, Target, CVS, Advance Auto Parts, Dunkin’, and many more

● Florida has an expanding medical cannabis market, backed by resilient consumer demand

● Prime frontage along Apalachee Parkway, which sees in excess of 33,000 vehicles daily

● Population growth of 7.72% over the last 5 years

● 5 mile population in excess of 115,031 residents, with significant growth projected over the next 5 years

● Tallahassee is the capital of Florida, supported by a stable government and university-driven economy exceeding 190,000 residents

● Goldflower currently operates 15 locations, with expansion plans for the foreseeable future

● Corporate guarantee from Goldflower, with a significant personal guarantee behind it (contact broker for details)

Listing Contacts

SL
TX 790608
Matthews
JB
TX 688810
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$142,140.00
$11,845.00/mo

Valuation Metrics

0
DSCR
7.65%
Cap Rate
7.65%
ROI

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Additional Information

Name
Kyle Matthews
License
BK3554632, CQ1066435 (FL)
Brokerage
Matthews Real Estate Investment Services, Inc
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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