Mint Cannabis

Long-Term Lease: Over 8 years of remaining lease term with 3% annual rent escalations, providing predictable income growth for investors.
Triple-Net (NNN) Lease: The tenant is responsible for all property operating expenses, including taxes, insurance, and maintenance (excluding structural components), offering investors a passive investment with minimal management responsibilities.
Experienced Multi-State Operator: The property is leased to Mint Cannabis, a well-established operator with 30+ dispensaries across six states. Mint expanded into Florida in 2024 through the strategic acquisition of The Cannabist Co., adding 14 dispensaries and two cultivation/manufacturing facilities to its portfolio.
No Lease Renewal Options: The lease contains no tenant renewal options, allowing investors to capture potential upside through a market-rate lease renegotiation at expiration in 2034.
Large Parcel with Future Potential: Situated on a ±0.70-acre lot, the property offers ample on-site parking and potential future redevelopment or expansion opportunities.
Prime U.S. 1 Visibility: Strategically positioned along U.S. Route 1 in Fort Pierce, this Mint Cannabis location benefits from excellent visibility and exposure to more than ±30,500 vehicles per day along one of the region’s primary commercial corridors.
Strong Retail Synergy: The property is located as an outparcel to Gateway Plaza, a well-established retail center anchored by Harbor Freight, Ross, Rack Room Shoes, Burlington, and Planet Fitness. The site is also directly adjacent to Wawa, a newly developed Starbucks, and Chase Bank, creating strong retail synergy, cross-shopping opportunities, and consistent consumer traffic.
Residential Growth: The surrounding trade area is experiencing significant residential expansion, with households within a 5-mile radius projected to grow approximately 8.19% annually through 2029. This growth rate significantly exceeds national averages, supporting long-term retail demand and increasing consumer spending throughout the corridor.

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Kyle Matthews