Daytona Beach, FL - Green Dragon Cannabis & DocMJ

Description:

• Opportunity to acquire the 100% occupied two-tenant Green Dragon and Marijuana Doctor asset in Daytona Beach, FL
• Green Dragon is operating under a 10-year lease with 2 (5-year) options and Marijuana Doctor is operating under a 5-year lease with 2 (2-year) options, demonstrating their commitments to this location
• Green Dragon was recently acquired by Eaze Inc. (whose founder is billionaire Netscape co-founder Jim Clark) with plans to ramp up production and add new locations
• Green Dragon now has 40 locations throughout Florida and Colorado and has some of the highest dispensing units for cannabis companies
• Both tenants’ leases feature rental increases throughout the initial term and each option to extend, generating NOI and hedging against inflation

• The property is strategically fronting Ridgewood Avenue/US Highway 1
(28,500 VPD), a primary thoroughfare serving the city of Daytona Beach
• The immediate trade area is supported by surrounding retailers such as Publix, Walgreens, McDonald’s, Dollar Tree, and more