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33921427
33921428

1341 Florida State Rd. 60, Lake Wales, FL 33853

MT
FL BK3217284
STNL
JP
FL SL3644633
STNL
NW
FL SL3477920
STNL
Listed by STNL
$1,896,400
6 days on market
Updated 6 days ago

Trulieve Cannabis Dispensary

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 2,427
Net Rentable (SqFt) 2,427
Units 1
Cap Rate 7.25%
NOI $137,489
Occupancy 100%
Tenancy Single
Brand/Tenant Trulieve
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 10/31/2034
Remaining Term 8.3
Rent Bumps Yes
Lease Options 2, 5-Year Options
Year Built 1964
Year Renovated 2024
Acreage 0.200
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/30/2024
Ground Lease No

No Dispensary Competition | Orlando MSA | $TRLV traded on NYSE

Marketing description

STNL.com is pleased to present this 100% fee simple Trulieve cannabis dispensary located in Lake Wales, FL. Three reasons to own this property include:

1. Only Dispensary in Lake Wales : Recently opened, Trulieve has established a presence in Lake Wales as the only operating dispensary within the city and the only dispensary serving a 7-Mile Radius. This positioning provides the location with a distinct competitive advantage, allowing it to serve as the primary cannabis retail destination for the surrounding trade area. The site is supported by more than 38,000 residents within a 7-Mile radius, providing a substantial customer base with no direct competition.

2. AdventHealth Lake Wales : Situated less than half a mile from AdventHealth Lake Wales, a 160-bed acute care hospital and leading healthcare provider for the region, the property benefits from its proximity to a well-established medical hub. The facility employs approximately 440 healthcare professionals and support staff further showcasing the area as a destination for medical services and medical-adjacent Tenants like Trulieve.

3. Surrounding Big Box Retailers : Positioned along State Road 60, Lake Wales’ primary commercial corridor, the property benefits from proximity to several major retail anchors, including Walmart, Aldi, Rural King, and Ollie’s Bargain Outlet. These established retailers generate significant consumer traffic and reinforce the corridor’s role as the area’s dominant shopping destination, serving Lake Wales and the surrounding communities.

Investment highlights

No Surrounding Competition: Trulieve operates as the only dispensary in Lake Wales, the nearest competing dispensaries are located more than 10 miles away, establishing the property as the primary cannabis retail destination for the surrounding area.

AdventHealth Lake Wales: Property operates less than half a mile from a 160-Bed AdventHealth Lake Wales Hospital — reinforcing the area's role as a destination for medical services and medical-adjacent Tenants like Trulieve.

Surrounding National Retailers: Positioned along SR-60, the primary commercial corridor of Lake Wales, the property benefits from proximity to major national retail anchors including Walmart, Aldi, Rural King, etc.

Listing Contacts

MT
FL BK3217284
STNL
JP
FL SL3644633
STNL
NW
FL SL3477920
STNL
Listed by STNL

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$137,489.00
$11,457.42/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

Map

Zoning

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C-3 CommercialSpecial CommercialHighway Commercial
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Mark Thompson
License
BK3217284
Brokerage Phone
689.666.9560
Name
Justin Presley
License
SL3644633
Brokerage Phone
6896669537
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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