Trulieve NNN
For Sale
Contact for pricing
1329 N Woodland Blvd, Deland, FL 32720
Named Trulieve property featuring an absolute NNN lease structure with annual increases.
Property Size5,256 SF
Price / SF$326.72
Days on Market146
Property Features for 1329 N Woodland Blvd
General Information
Standard status
Active
Size
5,256 SF
Property subtype
Retail
Lease Type
Absolute Net
Net Operating Income
$128,750
Building Details
Year Renovated
2026
Buildings
1
Tenancy
Single
Listing Agency:
Matthews
(239) 994-9643
Listed By:
Alexander Machado · License #SL3507121
Source:
Crexi
Added: Apr 9
Changed: Aug 30
Last Checked: Aug 30 at 9:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
This 5,256-square-foot NNN property is identified with Trulieve and features an absolute NNN lease structure. The lease includes 3% annual increases, providing a defined contractual escalation schedule.
The property is located at 1329 N Woodland Blvd in DeLand, Florida, within the 32720 ZIP code. The asset is offered for sale as a specialty commercial property.
The property is located at 1329 N Woodland Blvd in DeLand, Florida, within the 32720 ZIP code. The asset is offered for sale as a specialty commercial property.
Key Highlights
- 5,256‑square‑foot NNN property
- Trulieve‑associated commercial asset
- Absolute NNN lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,504
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$990,080
$990.1K
Cap Rate 7%
$707,200
$707.2K
Cap Rate 9%
$550,044
$550.0K
Market Conditions
NOI Build-Up for 5,256 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$78.8K $15.00/SF
− Vacancy
−$8.1K −$1.55/SF
EGI
$70.7K $13.46/SF
− OpEx
−$21.2K −$4.04/SF
NOI
$49.5K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$990,080
Cap Rate 7%
$707,200
Cap Rate 9%
$550,044
Alternative Uses
Best Use
Retail
$707.2K
$618.8K – $825.1K
NOI $49,504 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,484 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
331k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 16%
Apparel 7%
Groceries 6%
McDonald's
Dining
34,767 visits/mo
0.3 miles
Culver's
Dining
23,754 visits/mo
0.4 miles
Dollar Tree
Shops & Services
20,930 visits/mo
0.2 miles
Wendy's
Dining
20,281 visits/mo
0.3 miles
Big Lots
Superstores
19,824 visits/mo
0.5 miles
Demographics for 32720, FL
33,568
Population
13,962
Households
2.4
Avg Household Size
45
Median Age
24%
College-Educated
88%
High-School Grad
66.3 sq mi
ZIP Area
506
Density / Sq Mi
$67,512
Median Household Income
$39,159
Median Earnings
$1,177
Median Rent
$280,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Named Trulieve property featuring an absolute NNN lease structure with annual increases.
Where is this nnn property located?
The property is located at 1329 N Woodland Blvd Deland, FL.
What is the asking price?
The asking price for this property is $1,717,219.
What are key features of this property?
This property features: 5,256‑square‑foot NNN property; Trulieve‑associated commercial asset; Absolute NNN lease structure
