GREEN DRAGON

INVESTMENT HIGHLIGHTS

Corporate Guarantee | Growing Tenant

• Corporate Guarantee, which provides security behind the lease obligations.
• As of November 2024, Green Dragon Dispensaries, secured an additional investment to field the opening and expansion of its operations in California, Colorado, and Michigan including two production facilities, 11 delivery hubs, 57 retail stores.

Long Term NN Lease | Two, 5-Year Renewal Options

• Approximately ±7.7 Years remain on the current lease term, with two additional 5-year renewal options providing long-term security.
• The lease provides for a passive, landlord-friendly expense structure with landlord expenses limited to replacement of roof and structure. Downtown Panama City | 2.61% Population Growth Rate
• Strategically situated on Harrison Ave, a high-traffic corridor in the heart of downtown Panama City.
• Surrounded by a mix of retail, dining, and entertainment venues, attracting both locals and tourists.
• Florida’s lack of state income tax has fueled a 6.85% population increase since 2020, with Panama City seeing an even higher growth rate of 11.35%.

Low Rent | Growing Market | No State Income Tax

• Green Dragon is currently paying $20 per square foot, which is below market rent.
• Located just a mile south of U.S. Highway 98, a major Gulf Coast corridor, with easy access to Route 22 and U.S. Highway 231—key routes for transportation and logistics.
• Ideally situated within 1.5 miles of the Port of Panama City, FSU Panama City, Gulf Coast State College, and the historic St. Andrews District, it’s also just 3 miles from the Downtown Business District, HCA Florida Gulf Coast Hospital, Ascension Sacred Heart Bay Hospital, and a short drive to Panama City Beach.