7.5 Years Remaining on the Lease | Corporate Guaranteed | Annual Rental Increases | Options to Extend
• The lease is corporate guaranteed by Curaleaf Holdings, Inc., the world’s largest cannabis company by revenue
• 7.5 -years remaining on the lease with 2 (5-year) options to extend, demonstrating their longterm commitment to the site
• The lease features 2% annual rental increases, growing NOI and hedging against inflation
NNN Lease | Fee-Simple Ownership | Zero Landlord Responsibilities
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Investor benefits from fee-simple ownership of the building and land
• Ideal, low-management investment for a passive investor in a state with no state income tax
Fronting Primary Thoroughfare | Great New Location | Near Interstate 295 | Excellent Visibility & Access
• Subject property is strategically located on San Jose Boulevard, a primary retail and commuter thoroughfare averaging 62,000 passing by daily
• Great new location that was recently renovated in 2020
• Nearby national/credit tenants include Big Lots, Ace Hardware, Outback Steakhouse, Fifth Third Bank, CVS, McDonald’s and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for this site
• Less than 2 miles north of Interstate 295 (163,000 VPD)
Strong Demographics in 5-mile Trade Area | Population Growth
• More than 140,000 residents and 93,000 employees support the trade area
• Features an average household income of $76,363
• Jacksonville’s population grew by 10.9% to 911,507, with 89,757 new residents over the past decade