Long-Term Absolute Net (NNN) Lease with Annual Rent Increases - Juice Plus+ will be executing a brand new, 20-year absolute triple-net (NNN) lease with tenant fully responsible for maintenance, insurance, taxes, and all operating expenses, providing the landlord with a low-maintenance investment opportunity. The lease will include annual rent escalators of 2.5%.
Rent / SF is Inline with Market Rent with Room for Growth - Juice Plus+ will pay $16.00 / sq. ft, which is in line with market for comparable properties in the area and provides a runway for continued rent growth over the life of the investment.
Global Headquarters - Juice Plus+ has been in business for over 50 years and has a broad international reach. This Collierville facility in the Memphis MSA serves as Juice Plus+ Global Corporate headquarters.
Robust Operating History with Innovative Product Development - Founded in 1970 by President Jay Martin, the Juice Plus+ Company has grown from a small direct sales company into a highly successful, privately held health and wellness business operating in 26 countries. They are a leading provider of plant-based nutrition. They produce whole-food-based products that as close to natural as possible.
Corporate Guarantee From Highly Successful Business - In fiscal year 2023 Juice Plus+ produced revenues in excess of $400 million. (Juice Plus+ fiscal year ends April 30th).
Well-Positioned Company Within the Natural, Plant-Based, Health and Wellness Industry - The worldwide health and wellness market size was estimated at over $4.4 trillion in 2019, and is projected to grow to over $6 trillion by 2025.