Sunnyside Medical Cannabis Dispensary, the first national retail brand of Cresco Labs, operates under a long-term, passive net lease. This lease structure offers the benefit of 2% annual rent increases throughout the base term and optional extension periods, providing a stable income stream. The landlord's responsibilities are limited to roof and structural maintenance, while the lease includes five 5-year renewal options, reinforcing the dispensary's commitment to this location. The Sunnyside dispensary opened in 2022 after extensive renovations by the tenant, indicating a strong dedication to the site. The dispensary is strategically located off a major thoroughfare, positioned as a grocery outlot surrounded by several prominent retailers. The site benefits from being shadow-anchored by a Publix Super Market, which drew over 800,000 visits in the past year, as well as nearby major tenants like Walmart Neighborhood Market, Walgreens, Ascension Sacred Heart, Dunkin’, Starbucks, Jersey Mike’s, and Wendy’s. The surrounding area offers robust growth drivers, including recent multi-family developments and nearby colleges. In 2023, two large apartment complexes were completed, with one additional development under construction. This includes The Waters at Ransley (336 units), The Tristan (242 units), and Legends at Pine Forest (170 units). The location is also convenient to local educational institutions, being just 6.3 miles from the University of West Florida, which has a combined student and employee population of over 15,000, and 7.7 miles from Pensacola Christian College, with nearly 6,500 students and employees. Additionally, HCA Florida West Hospital, a 515-bed acute care facility, and Pensacola International Airport, which served 2.7 million passengers in 2023, are both within a 10-mile radius. With a high-density population and employment base, the dispensary is ideally located for sustained growth. The local population within a five-mile radius numbers over 85,000 and is projected to grow by 5.7% by 2027. Additionally, more than 74,000 people work in the same radius, with the site located just three miles from Navy Federal Credit Union’s Heritage Oaks Campus, Pensacola’s largest employer, with over 9,100 employees.