7002 State Road 54, New Port Richey, FL, USA

New Port Richey, Florida

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Total Square Feet

Building Size: ±2,400 SF

Total Acreage

0.39 AC

Asking Price

$1,040,000

Currently

Trulieve

NOI

$67,473.24

Cap Rate

6.5%

The Opportunity This offering presents the opportunity to acquire a fully remodeled asset leased to a billion-dollar guarantor with minimal landlord responsibilities and strategically located in Pasco County - Florida’s fastest-growing county.
Investment-Grade Tenancy Property is subject to a Corporate Guaranteed NNN lease by Trulieve Cannabis Dispensary (CSE: TRUL | OTCQX: TCNNF) with a 2025 market cap of $1.6B and 2025 EBITDA of $425M.
Tenant Responsibility Tenant is responsible for property taxes, insurance, and common area maintenance with minimal landlord responsibilities.
Recent Improvements The building has experienced full exterior and interior renovation: new roof, new HVAC systems, new façade,  site work, and interior build out.
Site Located at the southeast corner of State Road 54 and Celine, the site experiences excess of 50,000 VPD and over 200 FT of frontage with two points of ingress and egress and east/west median break access.
Strategic Location Surrounding trade area benefits from Pasco County’s explosive growth one of the fastest-growing counties in the nation with population increasing by 30% over the past decade (approximately 3.8% annually).