Mint Dispensary

Absolute NNN Lease: The property is secured by an absolute triple-net lease, offering a passive investment structure with no landlord responsibilities for operating expenses, maintenance, or capital expenditures.
Annual Rent Increases: The lease features 3.00% annual rent escalations throughout the base term and option periods, providing consistent income growth and an effective hedge against inflation.
Long-Term Lease Structure: The tenant recently executed a 10-year initial lease term with approximately nine (9) years remaining, along with two (2) five-year renewal options, providing long-term income visibility.
Former Bank Building with Adaptive Reuse: The property is a repurposed former bank branch, benefiting from a secure and robust building design well-suited for dispensary operations, including enhanced security infrastructure and efficient customer flow.
Five-Lane Drive-Thru Capability: The asset features a fully operational five-lane drive-thru, a rare amenity within the medical cannabis sector that supports higher throughput, operational efficiency, and increased revenue potential relative to traditional dispensary formats.
Established Multi-State Operator Tenant: The property is leased to Mint Cannabis, an experienced operator with 35+ dispensary locations across six states. The company expanded into Florida in 2024 through the acquisition of The Cannabist Company’s Florida portfolio, which included 14 dispensaries and two cultivation and manufacturing facilities.

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Broker of Record

Kyle Matthews