NNN Lease - 3040-3044 Ridgelake Drive

Address: 3040-3044 Ridgelake Drive Metairie, LA 70002

Tenant: IV Services, Inc. dba Genefic Specialty Pharmacy

Parent Company: Dalrada Technology Group OTC: DHTI

Gross Building Area: 6,468 SF

Land Area: 14,400 SF

Offering price: $1,650,000

Cap Rate: Years 1-3 @ 6.5%

Year 4 @ 6.6% (Oct. 2028)

Year 5 @ 6.7% (Oct. 2029)

Comments: This Triple Net Investment has been home to Genefic Specialty Pharmacy/ Genefic Infusion RX since October 2020. The property is located in Metairie, LA within a prime office and retail market within the New Orleans MSA. The Property has some high end specialty improvements for the Tenant’s pharmacy needs likely translating to a long term tenancy. Newer roof replaced in 2022.