Sunnyside (Dark) 10290 Regency Park Blvd 6,215 SF Retail Building Port Richey, FL 34668 $4,185,083 CAD ($673.38 CAD/SF)

RIPCO Real Estate is pleased to offer for sale 10290 Regency Park Boulevard, a 6,215 square foot freestanding former bank building with a covered drive-thru, positioned on
the hard corner of US-19 and Regency Park Boulevard in Port Richey, Florida. The absolute NNN lease runs through October 2032, leaving roughly 6.3 years remaining, and
is guaranteed by Cresco Labs, Inc., the publicly traded operator of the Sunnyside dispensary brand. Rent escalates 3% every lease year and the same escalation continues
through three 5-year options.
US-19 is the primary north-south retail corridor through western Pasco County, and the site holds frontage on both roads at a signalized intersection with a median cut and dedicated turn lane. The Tenant has not opened the store and has paid rent from commencement, so the income underwrites to the Cresco Labs guaranty rather than store sales, and the building remains an unconverted shell rather than a single-use build-out. The asset would suit an investor seeking management-free income backed by public company credit, on real estate that re-tenants or a potential early buyout for a covered land play.