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INVESTMENT HIGHLIGHTS
Long Term, Absolute NNN Lease with Annual Rental Increases | Terrabis is operating under a long term Absolute NNN Lease with over 13 Years remaining and zero landlord responsibilities, allowing an investor to acquire a completely passive income investment asset. Additionally, the lease features preferred 3.0% annual rental increases which provides investors a hedge against inflation.
Corporate Lease with Strong Growing Multi-State Operator | Terrabis is a privately held premier medical and recreational marijuana dispensary and product manufacturer operating in Missouri and Illinois. Headquartered in Missouri, Terrabis currently has 6 retail dispensaries (5 in Missouri and 1 in Illinois) with plans to further expand into Illinois. Additionally, the long term lease is backed by V3 Holdings Missouri, LLC.
Limited License Recreational & Medical Use State | Missouri is a limited licensure state which currently has only issued 215 licenses. Since the State legalized recreational adult-use cannabis in February 2023, Missouri sold more than $1.4 Billion worth of cannabis during its first year of recreational sales, creating thousands of jobs, stimulating local economies, and becoming Missouri's newest billion dollar industry in 2023.
Proximity to Bass Pro Shops Corporate Headquarters | The Property is located only 2.5 miles west of Bass Pro Shops National Headquarters Outdoor World, the largest and most famous outdoor store in the world which draws over 4 million visitors per year, making it one of Missouri's largest tourist attractions. Located in Springfield, “the Grandaddy” of all outdoor stores covers over 750,000 square feet and spans 17 acres under one roof. Adjacent to the store is Johnny Morris’ Wonders of Wildlife National Museum and Aquarium. A gift to sportsmen from Johnny Morris, the not-forprofit conservation attraction was voted “America’s #1 Best New Attraction” and “America’s Best Aquarium” by USA TODAY.
Highly Diverse Booming Economy - $26.6 Billion Total GDP | The retail, healthcare, social assistance, and manufacturing industries employ more than 243,000 people and produce over $12 million in GDP for the Springfield metro area. Moreover, Springfield is a transportation hub that is home to more than 40 trucking terminals with logistics providing an annual economic impact of $14.3 Billion. The area's annual average unemployment of 2.3% has steadily decreased since the height of the pandemic which was 5.1% and 95% of businesses have fewer than fifty (50) employees.
College Campus Town | The Property sits just 2 miles north of Downtown Springfield and the Missouri State University ("Missouri State") campus, which is the 2nd largest university boasting a total system enrollment of 25,935, up 3.8% from previous year. Additionally, Missouri State saw the biggest fall-to-fall increase in Freshman class which was up over 500 students and over 22%.
Strategically Positioned in Strong Retail & Hospitality Corridor | The Property is strategically positioned along Kearney St (20,199 VPD), a main east/west thoroughfare in Springfield in between the two main retail corridors in Springfield. National retailers in the immediate surrounding trade area include: Walmart Supercenter, Hobby Lobby, Pet Supplies Plus, Walgreens, McDonalds, Burger King, KFC, Chick-Fil-A, Whataburger, 7Brew Coffee, Crumbl Cookies, Freddy's Frozen Custard & Steakburgers. Additionally, there are over 19 hotel locations within 1-mile of the Property, further illustrating the busyness of this corridor.
