$2,557,000 USD
832-640-7384
2420 Washington Ave
Houston, TX 77007
Washington Ave
HIGHLIGHTS
- Trulieve (NYSE: TRLV) — 240+ dispensaries nationwide, $1.2B revenue, 60% gross margin
- Brand new 5-year NNN lease with two 5-year renewal options (~15 years total)
- 2.00% annual rental escalations providing predictable NOI growth
- Tenant holds Texas Compassionate Use Program medical cannabis license
- Premier Houston infill location in the Washington Corridor, ±1.4 miles from Downtown
- Texas limited-license market — only 15 total licensed operators statewide
FOR SALE DETAILS
PRICE
$2,557,000 USD
PRICE/SF
$456 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY NAME
Trulieve
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1957
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
0.23 AC
LAND SF
10,019 SF
ZONING
None
APN/PARCEL ID
0071590000001
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832-640-7384
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832-640-7384
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