16635 Northeast 19th Avenue, North Miami Beach, FL 33162

• Absolute NNN Lease – Tenant is responsible for all property expenses, including taxes, insurance, maintenance, repairs, utilities, and capital expenditures, providing truly passive ownership.

• Annual Rent Growth – Lease includes 3.0% annual rent increases, delivering predictable NOI growth and inflation protection.

• Established Operator – Backed by Verano Holdings Corp., a leading multi-state cannabis operator with 160+ dispensaries, 14 cultivation facilities, and $822 million in FY 2025 revenue, demonstrating strong scale and operational performance.

• High Tenant Stickiness – Strict zoning requirements and Florida’s 500-foot school setback rule create significant barriers to relocation, increasing tenant retention.

• E-Commerce Resistant – State regulations require in-person cannabis purchases, reducing e-commerce disruption risk and enhancing long-term demand stability.

• Federal Rescheduling Tailwind – The DEA’s 2026 reclassification of medical marijuana to Schedule III removes the burden of IRC Section 280E, improving operator profitability, cash flow, and long-term rent security.

• Prime Retail Corridor – Located just off 163rd Street, North Miami Beach’s primary retail artery with 54,500 VPD, and direct NE 19th Avenue frontage providing excellent visibility and access.

• Exceptional Connectivity – Minutes from US-1, I-95, Florida’s Turnpike, FL-826, and the Golden Glades Interchange, with convenient access to Aventura, Sunny Isles Beach, and surrounding affluent coastal communities.

• Record Tourism & Tax Advantage – Greater Miami welcomed a record 28.3 million visitors in 2025, generating $32.2 billion in economic impact, while Florida’s no-state-income-tax environment continues to attract residents, businesses, and investment.

• Expanding Trade Area – The property benefits from ongoing residential and mixed-use growth in the surrounding area, including Lazul Apartments (349 units) and Aura North Miami Beach (373 units), both located within one mile of the property.