615 E Elkcam Cir - Bank FOR SALE


Marco Island, FL 34145- City of Marco
$3,070,000 USD
786-522-7013
615 E Elkcam Cir, Marco Island, FL for Sale
$3,070,000 USD
Bank - FOR SALE
1/3
null | 6.84% Cap Rate

615 E Elkcam Cir
Marco Island, FL 34145
City of Marco


HIGHLIGHTS

  • Newly Signed 12 Year Long Term Lease
  • Corporate Guarantee | Largest Fully Licensed Medical Cannabis Company in Florida
  • Trulieve is a Publicly Traded Company with a Market Cap Exceeding $1 Billion
  • Above Average Return of 8.22% For 12 Year Hold
  • Marco Island Boasts an Extremely Low Retail Vacancy Rate of 0.4% Compared to the National Retail Average Vacancy Rate of 4.1%
  • Situated Across from Marco Town Center | Highly Trafficked Publix Anchored Center

OVERVIEW

Marcus & Millichap is pleased to present for sale this Net Leased Trulieve located at 615 E Elkcam Cir in Marco Island, Florida, within the Naples Metropolitan Statistical Area (MSA). The property features a 5,792-square-foot free-standing building situated on a 0.72-acre parcel of land. Located on the corner of E Elkcam Circle and 6th Avenue the property offers excellent accessibility with multiple points of ingress and egress. Situated directly across from Marco Town Center, which is anchored by Publix—the area’s dominant grocer, the property benefits from the center’s strong foot traffic, with an estimated 8,200 daily visits and 3.0 million annual visits. Strategically positioned within the area’s main retail hub, the property enjoys a central location surrounded by a diverse mix of national retailers, dining, and services, as well as a dense residential population. National retailers in the immediate vicinity include Publix, Truist, Starbucks, Tropical Smoothie Café, Subway, Bealls, Chase Bank, Dunkin, Fifth Third Bank, Walgreens, and numerous others. The subject property will be renovated early 2025, coinciding with Trulieve’s execution of a brand-new 12-year Net lease. The lease runs through January 2037 and features attractive 3 percent annual rent increases. Trulieve is Florida’s first and leading medical cannabis company, operating in the third most populous state in the United States. With a vertically integrated “seed-to-sale” operation, Trulieve commands approximately 51 percent of the Florida market. The company offers an extensive product line of over 550 SKUs, continuously expanding with innovative and exciting additions. Trulieve’s expansive dispensary network and large delivery fleet provide essential access to thousands of patients across the state every day. Committed to growth, Trulieve actively identifies new locations to expand its dispensary footprint, ensuring more patients have convenient access to the medicine they need. With 83 stores in Florida and 87 nationwide, Trulieve’s strategic first-mover advantage delivers significant benefits, including strong brand recognition and media visibility. Backed by robust financial performance and a loyal customer base affectionately known as “Trulievers,” the company is well-positioned to sustain its growth trajectory and continue serving patients with dedication and innovation.

FOR SALE DETAILS

PRICE

$3,070,000 USD

PRICE/SF

$520 USD /SF

CAP RATE

6.84%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trulieve - Marco Island, FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

MARCO

APN/PARCEL ID

56931560003,59131240007

ASK ABOUT THIS PROPERTY

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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