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MREIS
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 4 Properties | Florida, NEW JERSEY

CURALEAF PORTFOLIO

DOWNLOAD OFFERING MEMORANDUM HERE
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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

 

fort-pierce

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. 
2-May-10-2023-06-31-52-8053-PM
CURALEAF INDUSTRIAL
3-May-10-2023-06-33-21-0441-PM
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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
910-daytona
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
3210-fort-pierce
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
640-creek
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
136-harding-ave
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CURALEAF

TENANT PROFILE

  • Headquarters: Wakefield, MA

  • Ownership: Public

  • Year Founded: 2010

  • Website: curaleaf.com
910 W International Speedway Blvd Daytona Beach FL-16
19 STATES
Operating  In

 

4.4M
SF Cultivation
Capacity

 

28
Cultivation Sites

 

18%
ADJ EBITA
YOY Growth

 

76/23% 
Retail/Wholesale Revenue Mix

 

$198M
Liquidity

 

2000+
Wholesale Partner Growth
 
152 RETAIL
Locations

 

DOWNLOAD OFFERING MEMORANDUM HERE

EXCLUSIVELY LISTED BY:

Alexander Machado Headshot Circle 2022
ALEXANDER MACHADO
Associate
 
License No. SL3507121 (FL)
daniel gonzalez circle headshot 2022
DANIEL GONZALEZ
Associate Vice President
 
License No. SL3463209 (FL)
rob goldberg headshot circle 2022
ROBERT GOLDBERG
Associate Vice President
 
License No. 2018005194 (OH)
BEN SNYDER circle headshot 2022
BEN SNYDER
Executive Vice President & National Director
 
License No. 2018002569 (OH)
 

 

BROKER OF RECORD
 
Kyle Matthews
License No. CQ1066435 (FL)
Patrick Forde
License No. 2330333 (NJ)