Ascend Cannabis Dispensary
9.25% Cap Rate | A Top-Performing Ascend Cannabis Dispensary in Pennsylvania’s Medical-Only Market
Marketing description
Marcus & Millichap is pleased to offer for sale to qualified investors the opportunity to purchase a fee-simple interest in the Ascend Cannabis Dispensary asset located in Monaca, Pennsylvania (the “Property”). The Property is located 25 miles northwest of Pittsburgh and 16 miles from Pittsburgh International Airport and is part of the Pittsburgh metropolitan area.
It consists of a 7,876-square-foot freestanding retail building on a 1.26-acre parcel of land. Ascend is operating under an absolute NNN lease with zero landlord responsibilities whatsoever, offering a truly passive investment asset. The lease has over 11 years of term remaining, and features attractive 3 percent annual rent escalations throughout the base term, providing investors with a boost to overall cash flows and a significant hedge against inflation.
Investment highlights
Absolute NNN Lease With Annual Rent Increases
Attractive 3 Percent Annual Rent Escalations Throughout the Base Term
One of the Largest Publicly Traded Cannabis Companies
A Top-Performing Ascend Cannabis Dispensary in Pennsylvania’s Medical-Only Market, Set for Growth With Adult-Use Legalization on the Horizon
Proximity to Several National Hotel Chains
Exceptional Revenue Numbers and Continuous Growth
Close Proximity to Interstate 376 with Excellent Visibility
25 Miles Northwest of Pittsburgh, PA
Adjacent to Multiple National Retail Chains such as Arby’s, Burger King, Chick-Fil-A, Dollar Tree, Shell
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