Properties

4940 Babcock Street Northeast Palm Bay, FL 32905 Investment Highlights Trulieve is the #1 Cannabis Operator in Florida With Approx. 127 Locations Operating in the State – the Next Closest Brand Currently Operates 71 Locations Brand New, 10-Year, Triple Net (NNN) Lease With 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods New Location is Currently Undergoing Renovations – Opening Soon! Store Will Feature a Double Drive-Thru With Smaller Footprint, Which Should Allow Trulieve to Maximize Sales Per Square Foot from This Location The Lease is Corporate Guaranteed by Trulieve, Inc. | Trulieve is One 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…

8724-8746 Lake Worth Road Lake Worth, FL 33467 (Palm Beach County) Investment Highlights 100% Occupied, Anchor Tenants Include Chipotle, Carbon Health and Trulieve Medical Cannabis Dispensary High End Construction Ideal for Long-Term Ownership Brand New Location, Built and Opened in 2022 | Prime Palm Beach County Location All Tenants Have Long Term, Triple Net (NNN) Leases Directly Adjacent to a Brand-New Aldi – Currently Under Construction, Opening in 2023 Growing Market – Approx. 2,000 Homes are Under Construction or Recently Completed in a Quarter Mile Radius Dense and Affluent Palm Beach County Demographics – Average Household Income in One Mile…

3828 S. Vermeersch Road Avondale, AZ 85323 Investment Highlights Currently Operating as Harvest House of Cannabis and Will Soon Be Re-Branded as Trulieve Cannabis Dispensary Brand New, 10-Year, NNN Lease With 3% Annual Rent Increases Throughout Base Term and Option Periods Tenant Has Been in Place Since 2017, Recently Signing a New 10-Year Lease Showing Commitment to the Site Blended Cap Rate of 8.60% Over Base Lease Term Trulieve Recently Completed the Acquisition of Harvest Health & Recreation Inc. Avondale is One of the Top Performing Stores in the State 17 Miles from Phoenix, the Arizona State Capital and Most…