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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32410892
32379027

24639 US Hwy 19 N, Clearwater, FL 33763

AA
CA 01954384, NV S.0201843 (+1)
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$3,814,000
28 days on market
Updated 22 days ago
Opportunity zone

4-Unit Trulieve Portfolio

Details
Property Type Retail
Sub Type Cannabis
Square Footage 3,366
Cap Rate 8.25%
NOI $314,638
Tenancy Single
Lease Type NNN
Lease Term 12
Lease Expiration 11/29/2030
Remaining Term 4.6
Rent Bumps Yes
Year Built 1981
Acreage 1.530
Tenant Credit Corporate Guarantee
Lease Commencement 06/30/2018
Ground Lease No
Ownership Fee Simple

About This Property

Investment highlights

  • Strong Portfolio Yield | Attractive 8.25% cap rate across the entire portfolio delivers consistent cash flow and strong in-place return for investors.
  • Long-Term NNN Lease Structure | All assets are secured by long-term triple net leases, minimizing landlord responsibilities and providing passive income stability.
  • Built-In Rent Escalations | Annual rent increases ranging from 3.0% to 5.0% ensure steady income growth and hedge against inflation over time.
  • Strategic Multi-Market Diversification | Portfolio spans four key Florida MSAs, reducing risk while capturing growth across multiple high-performing regions.

Listing Contacts

AA
CA 01954384, NV S.0201843 (+1)
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$314,638.00
$26,219.83/mo

Valuation Metrics

0
DSCR
8.25%
Cap Rate
8.25%
ROI

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Additional Information

Name
Brian Brockman
License
BK3327646
Brokerage
Bang Realty, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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