3004 US Highway 98 N

• Absolute NNN Lease: The property is leased under an absolute NNN structure, providing a hands off investment to a buyer.
• Corporate Guarantee: The lease is backed by the tenant’s parent company, iAnthus Capital Holdings, Inc., a publicly traded cannabis company with approximately 40 retail dispensaries across seven states.
• Recent Lease Extension: The tenant recently exercised its first 5-year option, demonstrating its success at and commitment to this location.
• Below-Market Rent: The tenant pays just $20/SF, well below typical cannabis dispensary rents; providing a buyer with rent security and upside in any re-lease scenario.
• Below-replacement-cost basis: Offered at approximately $280/SF, the property provides investors the opportunity to acquire a freestanding retail asset with an effective year built of 2017, situated on 0.46 acres with dedicated parking and approximately 88 feet of frontage along US Highway 98 N, at an attractive basis relative to the estimated cost of developing a comparable property today.
• E-Commerce Resistant Tenant: Cannabis retail is less sensitive to e-commerce disruption than some of the other traditional retail businesses, offering portfolio diversification benefits for net-lease investors.
• Strong Retail Synergy: The property sits across the street from 7-Eleven, The Home Depot, and McDonald’s, and is surrounded by national retailers including Dunkin’, Dollar Tree, Bob Evans, Burger King, Target, and Denny’s, with Lakeland Square Mall less than two miles away.
• Close Proximity to I-4: The property is approximately 0.4 miles from an Interstate 4 interchange, providing convenient regional connectivity. I-4 is one of Central Florida’s primary transportation corridors, connecting Tampa and Orlando and extending east to Daytona Beach
• Strategic US Highway 98 N Location: Positioned directly along US Highway 98 N, one of North Lakeland’s primary commercial corridors, the property benefits from strong regional connectivity and convenient access to the surrounding residential and retail trade area.
• Adjacent to 288-Unit Multifamily Development: The Property benefits from its location immediately adjacent to Luxe at Lakeland, a new 288-unit multifamily community currently under construction at 3000 Pyramid Pkwy, further increasing residential density and supporting continued consumer demand within the immediate trade area.