3111 Emmorton Road Abingdon, Maryland 21009 Investment Highlights Long Term Triple Net (NNN) Lease with No Landlord Maintenance Responsibilities Average Cap Rate of 10.51% During Remaining Base Lease Term Annual Rent Increases Throughout Base Term and Option Periods by the Greater of 2.5% or 75% of the Percentage Increase in CPI During Previous Lease Year The Lease is Corporate Guaranteed by Revolution Global, LLC (Contact Broker for Details on Additional Credit Enhancement) Property Includes Two Drive Thru Lanes Enlightened owns and operates seven dispensary locations (four in Arkansas, two in Illinois, and one in Maryland), with an additional dispensary in…
1141 Dunn Avenue Jacksonville, FL 32218 Investment Highlights Trulieve is the #1 Cannabis Operator in FL With 126 Locations Operating – the Next Closest Brand Currently Operates 69 Locations Two Percent Annual Rent Increases Throughout Base Term and Option Periods Brand New, 10-Year, Triple Net (NNN) Lease With Zero Landlord Responsibilities Blended Cap Rate of 6.84% Over Base Lease Term Brand New Location, Anticipated Opening: 1st Quarter of 2024 The Lease is Corporate Guaranteed by Trulieve, Inc. Trulieve is One of the Largest and Most Profitable U.S. Cannabis Operators With 186 Dispensaries Nationwide The Company Recently Expanded With Purchases of…
31650 US Hwy 19 N Palm Harbor, Florida 34684 Investment Highlights New, Long-Term, Triple Net (NNN) Lease With 2% Annual Rent Increases Throughout Base Term and Option Periods New Location, Recently Renovated and Opened Jungle Boys Owns and Operates Retail Locations in California – San Diego, Los Angeles and Santa Ana; and in Florida – Deerfield Beach, Orlando, Ocala, Daytona Beach, Miami Beach, North Miami Beach and Palm Harbor High Traffic Area, Located on U.S. Highway 19 With a Traffic Count of More Than 85,000 Vehicles Daily Average Annual Household Income is $92,770 in One Mile and Projected to Reach…
6001 North University Drive Tamarac, FL 33321 Investment Highlights New, 10-Year, Triple Net (NNN) Lease With 3% Annual Rent Increases Brand New Location, Property is Being Renovated by Tenant and Scheduled to Open Summer 2023 Cap Rate Moves to 6.95% on October 1, 2023 Average Cap Rate of 7.74% During Base Term of Lease Building Includes Multiple Drive-Thru Lanes Used by Former Bank Cresco Labs Has One of the Biggest Footprints in the U.S. and Growing With 55 Owned Dispensaries Across 10 States High Traffic Area, Excellent Access and Visibility to Approx. 61,000 Vehicles Daily on University Drive | Close…
7010 Cypress Terrace Fort Myers, Florida 33907 Investment Highlights Long-Term, Triple Net Lease With Two Percent Annual Rent Increases Throughout Base Term and Option Periods Property Includes a Drive-Thru Lane Verano is a Top Five Multi-State Operator in the U.S. Based on Revenue, One of the Largest and Most Established in the Industry | Verano has 127 Operating Retail Locations and More Than 4,000 Employee Excellent Access and Visibility to More Than 52,500 Vehicles Daily on Tamiami Trail/US Highway 41 Average Household Income is $85,859 in Three Miles of Property, and $95,897 in Five Miles Population is Nearly 135,000 in…
8546 S Tamiami Trail Sarasota, Florida 34238 Investment Highlights Long-Term Tenant, In Place for More Than 20 Years Exceptional Store Sales (See OM for Sales Figures) Three, Five-Year Tenant Renewal Options With Two Percent Rent Increases Every Five Years in Options Located on Tamiami Trail / US Hwy 41 Which Has More Than 42,000 Vehicles Daily Average Household Income of $103,375 in One Mile of Property, and $117,381 in Three Miles Major Retail Corridor One Mile from Sarasota Square Mall Anchored by Costco Wholesale, JCPenney and AMC Theater High Traffic Intersection With Other Surrounding National Tenants Including Lowe’s, Target, Publix,…