CURALEAF
PORTFOLIO OVERVIEW
The 4-unit Curaleaf portfolio is comprised of 3 Curaleaf retail locations and 1 industrial facility throughout Florida and New Jersey.
PORTFOLIO LIST PRICE | $23,922,808 |
PORTFOLIO CAP RATE | 8.86% |
PORTFOLIO NOI | $2,119,809 |
PORTFOLIO GLA | 71,272 SF |
PORTFOLIO LOT SIZE | 3.34 AC |
INVESTMENT HIGHLIGHTS
-
MASTER LEASES - If purchased as a portfolio, each of the four properties coterminous master leases are tied together through a common thread defined term provision whereby any option for renewal term on one asset may only be exercised if the option for renewal on the rest of the portfolio is also exercised simultaneously.
-
ABSOLUTE NNN - There are zero landlord responsibilities, making it a great investment opportunity for a passive investor.
-
CORPORATE GUARANTEE - Curaleaf is one of the largest cannabis operators in the country operating over 145 dispensaries and 18 cultivation facilities across 17 states. Curaleaf reported Net Revenues of $1.35 Billion for full year 2023.
-
ATTRACTIVE RENTAL INCREASES - 3.00% Annual Rental Increases providing investors with a hedge against inflation.
FLORIDA, NEW JERSEY
4 PROPERTIES
CURALEAF
DAYTONA BEACH, FL
910 W INTERNATIONAL SPEEDWAY BLVD
REAL ESTATE SUMMARY | |||
Price | $2,588,071 | GLA | 5,734 |
Cap Rate | 7.00% | Year Built | 1972 |
Lot Size | 0.63 AC (27,495 SF) | NOI | $181,165.61 |
CURALEAF
FORT PIERCE, FL 34982
3218 S US HWY 1
REAL ESTATE SUMMARY | |||
Price | $3,052,971 | GLA | 10,414 |
Cap Rate | 7.00% | Year Built | 1976 |
Lot Size | 0.67 AC (29,185 SF) | NOI | $213,708.18 |
CURALEAF
BELLMAWR, NJ 08031 - RETAIL LOCATION
640 CREEK RD
REAL ESTATE SUMMARY | |||
Price | $2,676,118 | GLA | 13,005 |
Cap Rate | 7.22% | Year Built | 1945 |
Lot Size | 0.61 AC (26,402 SF) | NOI | $203,384.98 |
CURALEAF
BELLMAWR, NJ 08031 - INDUSTRIAL BUILDING
136 HARDING AVE AND 111 COOLIDGE AVE
REAL ESTATE SUMMARY | |||
Price | $15,605,648 | GLA | 42,119 |
Cap Rate | 9.75% | Year Renovated | 2014, 2016, 2017 (New Roofs installed during the renovations) |
Lot Size | 1.50 AC (65,340 SF) | NOI | $1,521,550.72 |
CURALEAF
TENANT PROFILE
- Headquarters: Wakefield, MA
- Ownership: Public
- Year Founded: 2010
- Website: curaleaf.com
19 STATES
Operating In
4.4M
SF Cultivation
Capacity
Capacity
28
Cultivation Sites
18%
ADJ EBITA
YOY Growth
YOY Growth
76/23%
Retail/Wholesale Revenue Mix
$198M
Liquidity
2000+
Wholesale Partner Growth
152 RETAIL
Locations
EXCLUSIVELY LISTED BY:
ALEXANDER MACHADO
Associate
DIR +1 (305) 359-5207
MOB +1 (305) 905-3215
License No. SL3507121 (FL)
DANIEL GONZALEZ
Associate Vice President
DIR +1 (305) 395-6972
MOB +1 (561) 767-5582
License No. SL3463209 (FL)
ROBERT GOLDBERG
Associate Vice President
DIR +1 (954) 237-4510
MOB +1 (216) 470-1464
License No. 2018005194 (OH)
BEN SNYDER
Executive Vice President & National Director
DIR +1 (216) 503-3607
MOB +1 (614) 975-8822
License No. 2018002569 (OH)
BROKER OF RECORD
Kyle Matthews
License No. CQ1066435 (FL)
Patrick Forde
License No. CQ1066435 (FL)
Patrick Forde
License No. 2330333 (NJ)