B+E is pleased to present the opportunity to acquire this soon to be renovated Bud and Mary’s flagship recreational marijuana
dispensary within the South Shore of Massachusetts. This investment features a new 15-year NNN sale-leaseback with
2% annual escalations. Bud and Mary’s is a vertically integrated cannabis company including cultivation, processing, and
distribution in the recreational-use market. Bud and Mary’s is investing over $2M into the location to transform it into a state of
the art dispensary and extraction facility.
BRAND NEW 15-YEAR NNN SALE-LEASEBACK
The subject sale-leaseback features a 15-year NNN lease term with 2% rental escalations.
MISSION CRITICAL LOCATION
This flagship Bud and Mary’s location was awarded marijuana delivery licensing and will serve as the company’s primary hub for product delivery. Additionally, the location features an extraction processing room essential to the production of their offerings
$2M+ BUILDING RENOVATION
Bud & Mary’s plans to renovate the existing retail space to build it out to their preferred specifications. The new facility will feature a dispensary with a lounge, an extraction processing space, a large kitchen, a packaging area, and a product vault.
LOCATED IN POPULAR BOSTON SUBURB
Marshfield is a popular Boston suburb that is located +/-23 miles or a +/- 37 minute drive outside of the Boston metro. The Greater Boston area is home to over 4.8M residents.
NEW SIGNALIZED CORNER INSTALLATION
The Bud & Mary’s renovation includes the installation of a new signalized intersection at School & Plain Street on RT 139. The new signal will allow for easier traffic flow, making this dispensary a convenient option.
BUILT-IN CUSTOMER BASE
This Bud & Mary’s location will benefit from the built-in customer base immediately surrounding the property. There are +/- 3 condominium or apartment complexes totaling +/- 264 units that are within walking distance of the property.
HIGH BARRIER TO ENTRY MARKET WITH LIMITED COMPETITION
This Bud & Mary’s location was awarded 1 of only 2 dispensary licenses in Marshfield, MA. Massachusetts is a high barrier to entry market for recreational marijuana sales with many municipalities requiring town approval and buffer zones in place around schools, parks, and other dispensary locations.
EXCELLENT VISIBILITY ON SIGNALIZED CORNER
This asset is located near the intersection of Church Street and Pilgrim Highway, which experience +/- 16,854 and +/- 40,000 VPD respectively.
DENSELY POPULATED AND HIGH INCOME SURROUNDING AREA
Within a 5-mile radius of the subject location is a population of +/- 52,189 with a median household income of $120,451, which is 96.26% over the median U.S. household income.
SIGNIFICANT NATIONAL RETAILER PRESENCE
The subject tenant is within a dense retail trade area with notable tenants including Lowe’s, NAPA Auto Parts, Chrysler Dodge Jeep Ram, Kohl’s, Staples, etc. The surrounding retail likely drives traffic to the area and provides additional value to the underlying real estate.