Trulieve

• 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 3.00% annual rental escalations provide a reliable hedge against inflation and support consistent income growth throughout the lease term.
• Leading Multi-State Cannabis Operator – Trulieve is one of the largest cannabis operators in the U.S., with 233 retail dispensaries nationwide as of Q2 2026 and an established presence across key medical cannabis markets, including Florida.
• Prime Signalized Corner Location – Strategically positioned at a signalized corner along Gulf Breeze Parkway, (~42,500 VPD) (U.S. Highway 98), providing excellent visibility and convenient access.
• Strategic Gulf Breeze Location – Positioned within the growing Gulf Breeze market, a coastal community strategically situated between Pensacola and Pensacola Beach. The area benefits from strong connectivity along U.S. 98, established retail activity, and year-round demand generated by local residents and visitors traveling to the surrounding Gulf Coast beaches.
• Surrounded by Established Retail & National Tenancy – Located near a major shopping center anchored by Ross, Winn-Dixie, and Bealls, with additional nearby retailers including Advance Auto Parts, Truist, Arby’s, Waffle House, McDonald’s, CVS, Regions Bank, Sonic, Wendy’s, and Papa Johns.