Mint Cannabis

Highlights:

• Absolute NNN Lease: True triple-net lease structure with zero landlord responsibilities; tenant is fully responsible for real estate taxes, insurance, and all maintenance, including roof and structure.
• Annual Rent Increases: Fixed 2.5% annual rent escalations offer a reliable inflation hedge and support steady income growth over the lease term.
• Experienced Multi-State Operator: Leased to Mint Cannabis, a well-established operator with a portfolio exceeding 30+ dispensaries across six states. Mint entered the Florida market in 2024 through the strategic acquisition of The Cannabist Co., adding 14 dispensaries and two cultivation and manufacturing facilities.
• Limited Competition: The subject property is one of only two dispensaries in Madison, FL. The limited local supply provides a significant competitive advantage, with the next nearest dispensaries located approximately one hour away in Tallahassee and Lake City.
• Downtown Proximity: Positioned at the western gateway to downtown Madison, the property is surrounded by national retailers and service providers including CVS, Wells Fargo, McDonald’s, Burger King, Advance Auto Parts, and O’Reilly Auto Parts.
• Excellent Access: Features multiple ingress and egress points, including right-in/right-out and left-in access, enhancing visibility and customer convenience.
• Adjacent to Medical Services: Located within walking distance of Madison County Memorial Hospital, a regional healthcare provider offering outpatient care, diagnostics, surgical procedures, and wound treatment services.
• Near Educational Hub: Less than half a mile from North Florida College, a key academic and employment anchor for the local community.

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