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
Seller financing options are available for this opportunity – contact brokers for details

• 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