AYR Wellness

• Absolute NNN Lease – Zero Landlord Obligations, Tenant is solely responsible for all real estate taxes, property insurance, CAM, HVAC maintenance, plumbing, and all interior repairs. Landlord has no ongoing obligations — true passive income from day one.
• Annual Rent Increases – Fixed 2.50% annual rental escalations provide a reliable hedge against inflation and support consistent income growth throughout the lease term.
• New Long Term Lease – 10 years remaining on the initial base term, coupled with one, five-year option, providing stable, predictable income.
• Recent Capital Improvements – The Roof and HVAC units were replaced in August 2026, with the new roof covered by a full warranty, reducing near-term capital expenditure requirements for both the tenant and owner. Additionally, the building was fully gutted down to the studs, with the tenant completing a full interior buildout as part of its renovations.
• Established Multi-State Operator – The property is operated under the AYR Wellness brand, an established cannabis platform over 80 dispensaries across six states, including 65 locations throughout Florida, making AYR one of the largest medical cannabis retail networks in the state. The operator’s substantial retail footprint and established presence across multiple regulated markets provide significant operating scale and brand recognition.
• Prime Signalized Corner Frontage on US Route 1, Garden St, & N Washington Ave (Combined ±61,100 VPD) – The subject property fronts N. Washington Avenue, which carries US Route 1, the primary north-south federal highway along Florida’s Atlantic coast, running from Key West, FL to Fort Kent, ME. As the principal commercial corridor through Titusville and Brevard County’s Space Coast region, Washington Avenue serves as the dominant retail and traffic artery for the area, driving consistent consumer visibility and access to the subject property.
• Existing Drive-Thru Infrastructure – The property benefits from an existing drive-thru with efficient on-site circulation and two points of ingress/egress. The drive-thru enhances convenience for dispensary customers while providing valuable infrastructure that can support future alternative retail or QSR uses.
• Growing Aerospace & Employment Base – Titusville continues to benefit from significant investment tied to the Space Coast economy, including aerospace and advanced-manufacturing expansion. The City highlights a regional civilian labor force exceeding 290,000 and continued investment from major aerospace and defense employers.