Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Jungle Boys Medical Cannabis Dispensary in Bonita Springs, FL, and part of the Fort Myers-Naples metro area. The property features a long-term triple-net (NNN) lease with three, five-year tenant renewal options. There are two percent annual rent increases in the base term and option periods. The building was recently renovated by the Tenant and is now open for business. Jungle Boys is a group of medical and recreational cannabis growers based out of Los Angeles, California. Jungle Boys Operates Locations in California – Los Angeles, Pomona, San Diego and Santa Ana; and in Florida – Bonita Springs, Daytona Beach, Deerfield Beach, Gainesville, Miami, Miami Beach, Ocala, Orlando, Palm Harbor, Tallahassee and Tampa. The company has new locations that are under construction in Jacksonville, St. Petersburg and West Palm Beach. In addition, Jungle Boys has a strong fan base with customers who travel long distances to shop at their locations. This Jungle Boys has excellent access and visibility to more than 52,500 vehicles daily on Tamiami Trail, which is a major thoroughfare connecting local bustling commercial districts, shopping centers, and residential developments, and running across the southern part of the state. The location is part of a major retail corridor, with surrounding national brands including Publix Supermarket, Aldi, The Fresh Market, Ross, Crunch Fitness, HomeGoods, Bealls Outlet, Kohl’s, Harbor Freight Tools, West Marine, Staples, Great Clips, AutoZone, Tires Plus, Ace Hardware, Dollar General, Bank of America, Wells Fargo, Chase Bank, Outback Steakhouse, Carrabba’s Italian Grill, McDonald’s, Burger King, Taco Bell, Five Guys, Starbucks, Dunkin, Papa John’s Pizza, CVS, Walgreens, Lincoln, Lexus, Toyota and many others. The surrounding area has excellent demographics and boasts an average household income of $113,059 in one mile of Jungle Boys; $125,069 in three miles; and $132,324 in five miles. With a population of nearly 100,000 within five miles of the Property. The property is only three miles from the area’s beautiful beaches, including Bonita Beach Park. This site is also just 12 miles from Naples, one of the wealthiest cities in the U.S. and has more millionaires per capita than any other city in Florida; and 23 miles from downtown Fort Myers. The local economy has seen steady growth and is largely driven by tourism. The area is also home to 400 miles of renowned Gulf Coast beaches, which are among some of the most beautiful in the world. This Metro area is ranked among the fastest growing areas in the state by U.S. News & World Report – with an average annual growth rate of approximately 1.5%. This retail market is one of the strongest in Southwest Florida.