Haines City, FL - MUV

Description:

• Brand new 11-year lease with 2 (5-year) options to extend, demonstrating their long-term commitment to the site
• Headquartered in Chicago, Verano Holdings Corp. is a leading, vertically integrated, multi-state cannabis operator in the U.S. and publicly traded (CNSX: VRNO)
• In Q2 2023, MÜV opened locations in Zephyrhills, Miami, Venice, and Fort Pierce, raising the company’s total Florida retail footprint to 70 storefronts statewide
• Verano has grown to 14 cultivation/production facilities and 132 retail stores across 13 active states
• Verano is a top 5 cannabis MSO by revenue and their adjusted EBITDA margin of 35% is the highest of their peer group
• The lease features 3% annual rental increases throughout the initial term and option periods, boosting NOI and hedging against inflation

• MÜV is strategically fronting US Hwy 17 averaging 29,000 vehicles passing by daily
• The building is currently undergoing a remodel which will feature high quality materials, distinct design elements, and high level finishes
• The US Hwy 17 trade area is supported by retailers like Publix, Bealls, Circle K, Truist, and more