Green Dragon - Atlantic Retail

High profile free-standing Green Dragon cannabis dispensary in Central Florida with excellent visibility to 44,000 cars per day
Long-term upside through monetization of attached residential property and renewal of billboard lease
Green Dragon recently merged with Eaze, the nation’s largest cannabis delivery marketplace and operate over 48 delivery and retail locations in California, Colorado, Michigan and Florida
Florida is Green Dragon’s top growth market where they have recently opened 15 dispensaries with additional stores in development
New 15-Year Absolute Net lease with corporate guarantee provides passive ownership and stable cash flow
10% rent increases provide hedge against inflation and a 7.94% average return over the initial lease term
Recent capital improvements including new roof and HVAC with warranty
Fee simple ownership allows for depreciation of the building boosting after tax returns
Florida is the largest medical cannabis market in the US with annual sales exceeding $2 billion
E-commerce and recession resistant business model, cannabis deemed essential during pandemic
Florida has no state income tax and in 2022 ranked as the fastest growing state in the US with nearly 10,000 people moving to the Sunshine State every week