Trulieve Marijuana Dispensary | NNN Lease | 1.27AC |… — Sale in Tampa, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Tampa, FL 33614

Photos

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Investment Figures

Cap rate
6.35%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire a highly strategic single-tenant retail property located at 8602 N Dale Mabry Highway in Tampa, Florida. The 5,024-square-foot property occupies approximately 1.27 acres at a signalized intersection along North Dale Mabry Highway, one of Tampa’s most established and heavily trafficked commercial corridors. With approximately 60,500 vehicles passing the property daily, the site benefits from exceptional visibility, accessibility, and exposure. The property is currently occupied by Trulieve, one of the largest vertically integrated cannabis operators in the United States, under a corporate-guaranteed NNN lease. The lease extends through May 2031 and includes two additional five-year renewal options, with 10% rental increases every five years, providing investors with stable contractual income and built-in growth. Beyond the existing tenancy, the property's underlying real estate fundamentals make this an especially compelling retail investment. The expansive 1.27-acre site, signalized corner positioning, prominent Dale Mabry frontage, and 94 parking spaces create an exceptionally functional retail site capable of accommodating a broad range of users. The combination of a strong existing tenancy and highly desirable underlying real estate provides investors with both immediate income and long-term flexibility Investment Highlights: • Signalized Corner Location – Strategically Positioned At A Signalized Intersection Along N Dale Mabry Highway, Maximizing Visibility, Accessibility, And Customer Ingress/Egress. • Premier Tampa Retail Corridor – Approximately 60,500 Vehicles Per Day Travel Along N Dale Mabry Highway, Providing Exceptional Daily Exposure. • 1.27-acre Retail Site – Substantial Land Component Relative To The 5,024-square-foot Building, Creating Meaningful Underlying Real Estate Value And Long-term Flexibility. • 94 Dedicated Parking Spaces – Exceptional Parking Availability Enhances The Prop

Market Context

This retail in Tampa, FL is listed for sale. It is offered at an approximate 6.3% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Tampa, FL — view the full market.

As of Q4 2025, the Tampa retail market showed a 3.4% vacancy rate, average asking rents near $27.49/SF/yr, and rents up 4.5% year over year. Source: multiple brokerage reports, Q4 2025.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Tampa retail market tightening or softening?
Vacancy is around 3.4%, with asking rents rising year over year (Q4 2025).

Estimated Price per SF

$100.70/SF – $732.34/SF

Mid: $305.14/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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