House of Platinum | 10% Incrs in 2025 | Corp 450 Park Ave

Investment Highlights

High Traffic Area | Quarter Mile from Interstate 295 | Bridge Access Close Proximity to Major Area Employers | Jacksonville Naval Air Station ? 3rd Largest US Naval Station by Population Excellent Local Demographics | 42,000+ Residents | $88,000+ Avg HH Income | 1,900+ Units Strong Intrinsic Value | Corner of Signalized Intersection | 68,700+ VPD | Easy Access Medical Facilities | HCA Florida Orange Park Hospital ? 507 Beds | Baptist Medical Center ? 122 Beds Nearby Local Traffic Generators | Retail |Hotels | Education | Orange Park Mall

Executive Summary

Absolute NNN Lease | Zero Landlord Responsibilities | Upcoming Rental Increase in 2025 | 7.70% Cap At List Price? The Property is subject to a 10-year Absolute NNN lease with approximately 6 years remaining providing for cash-flow coverage and the ability to maximize future redevelopment opportunities, should the tenant not renew. In addition, there is a 10% rental increase in February of 2025 which will increase the cap rate 70 basis points based on list price.? The lease features a corporate guarantee from Acreage Holdings.? The Tenant has been paying rent at the Property for the entire term of the lease but has not opened for business. While the Tenant has plans to build-out the Property and open for business in 2024, this is not certain.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Drug Store Drug Store General Retail Convenience Store General Retail Fast Food General Retail Restaurant Drug Store
• Building Size    4,253
• Building Class    B
• Year Built    1993
• Price    2,430,285
• Price Per SF    571
• Cap Rate    7
• NOI    170,120
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.08
• Land Acres    1.15 AC

• Pylon Sign
• Drive Thru