CURALEAF

TROPHY ASSET – Strategically located in the heart of Miami, fronting Bird Road (76,000 vehicles per day), this premier destination is ideal for businesses. Miami offers unparalleled access to international markets and benefits from Florida’s status as an income tax-free state.
LONG-TERM LEASE – New 10-year lease in place, with the tenant beginning operations in October 2024.
ABSOLUTE NNN LEASE – There are zero landlord responsibilities, making it a great investment opportunity for a passive investor.
RECENT RENOVATION – Prior to opening for business on October 23, 2024, the Tenant invested approximately $2 million into the property, completing both interior and exterior renovations, including a new roof and storefronts. This investment demonstrates their commitment to the site and its suitability for their operations.
ATTRACTIVE RENTAL INCREASES – Property includes a 10% rent increase in June 2027 and in all extension options.
STICKY TENANT – Cannabis dispensary tenants are less likely to relocate due to restrictive zoning regulations that limit where they can operate. Additionally, dispensaries must maintain a distance of at least 500 feet from any public or private elementary, middle, junior high, or high school.
CORPORATE GUARANTEE – Curaleaf, Inc. is one of the largest cannabis operators in the country, with a presence in 17 states, operating over 150 dispensaries and 19 cultivation facilities. For Q3 2024, Curaleaf reported net revenue of $330.5 million and $1.01 billion in net revenue for the nine months ending September 30, 2024.

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Kyle Matthews