Indialantic, FL - Sunburn Cannabis

Description:

• The tenant, Sunburn Cannabis, recently signed a brand new 10-year lease with 2 (5-year) options to extend, demonstrating the tenant’s commitment to this location
• The lease features 3% annual rent increases throughout the initial term and during each option to extend, increasing the NOI and hedging against future inflation
• Sunburn incorporates traditions passed down from its founders, employing a team that is passionate about the plant and cultivating only the highest quality product
• There are currently 16 retail locations open and operating with plans to open more throughout 2025
• This Sunburn location has 4.8 out of 5 stars since opening via Google

• The asset is ideally situated along A1A (31,000 VPD), a major north–south Florida State Road consisting of seven separate sections running along the Atlantic Ocean, from Key West at the southern tip of Florida, to Fernandina Beach, just south of Georgia on Amelia Island
• The building is equipped with a drive-thru
• Surrounding retailers that support the immediate trade area are Publix, Dunkin’, Walmart, and more
• The asset has excellent visibility and points of ingress/egress
• 2025 remodel which will feature high quality materials, distinct design elements, and high-level finishes
• Per official data from the Office of Medical Marijuana Use in Florida, Sunburn is the highest dispensing cannabis dispensary per location by a wide margin (click HERE for more info)