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 $10 million investment to fuel the opening and expansion of its operations in California, Colorado, Florida, and Michigan, including two production facilities, 11 delivery hubs, 57 retail stores.
• Long Term Lease | Three, 5-Year Renewal Options
  • Approximately ±7.25 years remain on the current lease, with three additional 5-Year renewal options providing long-term security.
• Nearby Development | Growing Market
  • Escambia County is experiencing rapid development, with several major housing projects just a few miles from the site. Currently, approximately 6,000 singlefamily lots and 2,500 multifamily units are either under construction or have been approved for development.
  • Located just down the street from Navy Federal Credit Union’s state-of-the-art, 360-acre campus, which employs approximately 10,000 people. The campus recently expanded to include a public community recreational area featuring a pavilion, sports courts, restrooms, and more.
• Surrounding major developments with a new planned Costco development just 0.3 miles east of the site.
• NN Lease | Minimal Landlord Responsibilities
  • The lease provides for a passive, landlord-friendly expense structure with landlord expenses limited to replacement of roof and structure.
• High Traffic Location on Nine Mile Rd | High Visibility & Accessibility
  • Strategically located on Nine Mile Rd, a busy corridor in Pensacola, FL.
  • The property is well-positioned to attract both local and passing traffic, with over ±37,500 VPD (Vehicles Per Day).
• Income Tax Free State | Strong Pensacola Rents
  • Retail rents in the Pensacola Market have risen an average of 3.4% annually over the past three years.