3271 Gulf Breeze Pky - Freestanding FOR SALE


Gulf Breeze, FL 32563
$1,510,667 USD
305-297-6410
3271 Gulf Breeze Pky, Gulf Breeze, FL for Sale
$1,510,667 USD
Freestanding - FOR SALE
1/5
null | 7.5% Cap Rate

3271 Gulf Breeze Pky
Gulf Breeze, FL 32563


OVERVIEW

The property at 3271 Gulf Breeze Parkway, Gulf Breeze, FL 32563 presents a prime investment opportunity featuring a single-tenant Trulieve Cannabis Corp dispensary under a long-term lease. This freestanding retail building offers 2,220 square feet on a 0.28-acre lot, strategically positioned along Highway 98 with excellent visibility and a dedicated turn lane. Built in 1970 and zoned HCD (Highway Commercial Development), the site includes 12 parking spaces and prominent signage at a signalized intersection. The offering is priced at $1,510,667, reflecting a 7.50% cap rate and generating a net operating income of $113,300, with Triple Net (NNN) lease terms ensuring minimal landlord responsibilities. Trulieve, Florida’s largest medical cannabis operator with a strong national footprint, opened this location in July 2024, reinforcing its commitment to serving patients in Santa Rosa County. The property benefits from high traffic counts, proximity to major retailers, and Gulf Breeze’s growing medical cannabis market, making it an attractive, stable asset for investors seeking long-term income and exposure to a rapidly expanding industry.

FOR SALE DETAILS

PRICE

$1,510,667 USD

PRICE/SF

$680 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,979 SF

ZONING

HCD

APN/PARCEL ID

32-2S-28-4820-00300-0750

ASK ABOUT THIS PROPERTY

Brandon LumishABL Real Estate PartnersMore Info
305-297-6410

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Brandon LumishABL Real Estate PartnersMore Info
305-297-6410

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.