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3513 Apalachee Parkway, Tallahassee, FL, 32311

Goldflower Cannabis Dispensary
$1,877,551

Key Information

Cap Rate
7.35%
$ per SF
$755
Tot. SF
2,485
Year Built
2025
Term Remaining
± 10 Years
Type
Retail
NOI
$138,000

Highlights

  • Modern Construction: 2026 retrofit featuring a ±2,485 SF modern prototype with strong curb appeal and high visibility.
  • Long Lease Term: ±10 years remaining on an Absolute NNN lease with extremely attractive 3% annual increases.
  • Prime Walmart Pad Site: Subject property is on an extremely desirable pad site to Walmart, which serves over 1,725,512 customers annually.
  • National Retail Neighbors: Nearby national tenants include Taco Bell, Take 5, Pizza Hut, Target, CVS, Advance Auto Parts, Dunkin’, and many more.
  • Expanding Cannabis Market: Florida has an expanding medical cannabis market, backed by resilient consumer demand.
  • High Traffic Frontage: Prime frontage along Apalachee Parkway, which sees in excess of 33,000 vehicles daily.
  • Strong Population Growth: Population growth of 7.72% over the last 5 years.
  • Large Trade Area: 5 mile population in excess of 115,031 residents, with significant growth projected over the next 5 years.
  • Stable Regional Economy: Tallahassee is the capital of Florida, supported by a stable government and university-driven economy exceeding 190,000 residents.
  • Corporate Guarantee: Goldflower currently operates 15 locations, with expansion plans for the foreseeable future and a significant personal guarantee behind it.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435, BK3554632
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203