971 Cassat Ave, Jacksonville, FL 32205

NNN Lease: Ideal investment for a passive investor.

Annual Rent Increases: The lease features 3.00% annual rental increases throughout the base term and 2.00% annual increases during the option periods, providing investors with a hedge against inflation.

Long Term Lease: 11.5-year initial base term with +9 years remaining, coupled with two (2) additional five-year renewal options.

Former Bank Building: This investment opportunity features a former bank building that has been successfully repurposed into a medical cannabis dispensary. The building’s secure and robust design, combined with its prime location, makes it an ideal fit for a cannabis operator.

4-Lane Drive-Thru: The property offers a significant competitive advantage with its fully equipped four-lane drive-thru, providing enhanced operational efficiency and greater revenue potential compared to traditional brick-and-mortar medical cannabis dispensaries that lack this feature.

Strong Corporate Guarantee/Multi-State Operator: This lease is backed by a strong corporate guarantee. Fluent is a multi-state operator with approximately 37 dispensaries and 7 cultivation and manufacturing facilities across Florida, Texas, and New York. Notably, Fluent’s full-year 2024 revenue increased 6.4% year-over-year.

Signalized Hard Corner: The subject property is located at the signalized hard corner of Cassat Ave and Normandy Blvd, which sees approximately (INSERT VPD) vehicles per day.

Strong Retail Synergy: The subject property is surrounded by national retailers including Wawa, Wendy’s, Pizza Hut, Domino’s Pizza, Winn-Dixie, O’Reilly Auto Parts, Sherwin-Williams, Tires Plus, and more.

Rapidly Growing Market: Jacksonville continues to solidify its position as one of the fastest-growing major metros in the United States. According to the U.S. Census Bureau’s 2024 estimates, Jacksonville ranked among the top 15 U.S. cities for population growth, adding approximately 16,365 new residents and surpassing the 1 million population milestone. The region’s expansion is supported by strong economic momentum, with the JAXUSA Partnership reporting Jacksonville ranked #3 nationally for economic growth among large U.S. cities, driven by approximately 9% population growth, 43% GDP growth, 25% export growth, and 10% housing development growth. Northeast Florida continues to attract more than 100 new residents per day, and forecasts project the Jacksonville MSA to grow approximately 11% between 2023 and 2028, reinforcing long-term demand drivers for housing, retail, and commercial real estate.