2725 East South Street

Highlights:

• Long-Term Absolute NNN Lease with Significant Annual Increases – Completely passive investment with no landlord responsibilities
• Attractive Yield – Provides an above market return for the sub-market with positive cash-on-cash potential
• High Profile and Successful Cannabis Company – Backpack Boyz has several locations in California and Arizona
• Major On-Site Improvements – Ownership recently invested north of $700,000 to completely remodel the property. Improvements include a new roof, HVAC system, plumbing/electrical, and resurfacing the entire parking lot
• Intrinsic Value in Real Estate – The asset sits on close to half an acre of light industrial land in a desirable corridor within Long Beach
• Significant Nearby Commercial Development – The immediate area has seen significant growth in recent years
• Highly Strategic Location – At a high traffic intersection within an industrial corridor 7 miles from the Port of Los Angeles
• Favorable Zoning – Industrial NI-2 zoning permits a wide array of uses and allows for cultivation on the premises in addition to the existing dispensary
• Rare Cannabis Use – The subject contains a valuable cannabis sales license that runs with the land and is non-transferable

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