COOKIES STRIP

INVESTMENT HIGHLIGHTS

• Passive Lease Structure: NNN recovery structure across all leases. Tenants pay for taxes, insurance, and common area maintenance of the building.
• Long-Term Billboard Income (Digital): The property contains a Digital Clear Channel Billboard lease that has over 8 years remaining on the lease, providing stable income for years to come.
• High Yielding Investment: This investment is offered at an appealing 7.30% CAP rate and all tenants in the strip center have annual rental increases.
• Established Tenant: Bizzarro’s Pizza has been a successful, longstanding tenant at this location for nearly 20 years, demonstrating strong customer loyalty and a proven commitment to the site.
• Two Strong National Tenants (Cookies & Miracle Ear):
  • Cookies is a globally recognized cannabis brand known for its premium, proprietary strains and products. With over 60 retail locations in the U.S., Canada, and Europe, Cookies has rapidly expanded through strategic partnerships and licensing deals.
  • Miracle-Ear is a leading provider of hearing aids and hearing care services, with over 70 years of industry experience. The company operates more than 1,500 locations across the U.S., delivering high-quality hearing solutions and personalized care. Miracle-Ear’s strong brand recognition, trusted reputation, and exclusive product line developed in partnership with global technology leader Amplifon ensure a loyal customer base.
• High Traffic on Signalized Hard Corner: The strip-center sits at the corner of Palm Bay Rd NE and Port Malabar Blvd NE, which collectively sees over 59,000 vehicles per day.
• Strong Retail Synergy: Prominent national retailers, including Taco Bell, Fresenius, BJ’s Wholesale, Walgreens, 7-Eleven, Publix, Walmart, Chick-Fil-A, 7-Brew, and more are all conveniently located in the nearby vicinity.
• Dense Population: The property is surrounded by a population of 80,000 people within a 3-mile radius and 152,000 people within a 5-mile radius. Additionally, there are 33,619 rooftops within a 3-mile radius and 61,848 rooftops within a 5-mile radius.
• The Space Coasts Economy: Palm Bay-Melbourne-Titusville MSA Recently Ranked 2nd Nationally for High Tech Job Growth which has led many works in the space to migrate here in search of higher paying jobs.
• Population Growth: The region has witnessed a remarkable surge in population, registering a growth exceeding 42% since the year 2000.
• Proximity to Highway: Subject property is located approximately 1.2 Miles East from the I-95 Ramp.