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32274254
32274255

2151 Elida Road, Lima, OH 45805 For Sale

BC
OH OH SAL.2019001449, NE NE 20220396
Marcus & Millichap - Columbus
ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
$2,567,000
75 days on market
Updated 11 days ago

Curaleaf Shops

Details
Property Type Retail
Sub Type Pharmacy/Drug, Bar (+1)
Square Footage 14,200
Units 3
Cap Rate 8.25%
NOI $211,901
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 10
Rent Bumps Yes
Lease Options Varies by Tenant
Year Built 1960
Year Renovated 2025
Acreage 1.390
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

Rare Curaleaf Holding Co Guaranty | New 10-Yr Lease

Marketing description

  • 100 Percent Leased to a Diverse Tenant Profile - All Triple-Net Leases
  • All Leases Feature Regular Rental Increases with Multiple Renewal Options
  • Rare Curaleaf Holding Co Guaranty (Curaleaf, Inc.) | Largest Cannabis Company in the U.S.
  • Recent Remodel with Major Building and Site Improvements – Inquire With Broker
  • Signalized Intersection Access Creating Long Term Intrinsic Value
  • Across the Street from University of Northwestern Ohio (Over 2,600 Students) and Lima Mall
  • Daytime Population of More Than 70,000 Within a Five-Mile Radius
  • Located Along Lima's Primary Retail Corridor - Neighboring Tenants Include JCPenney, Michaels, T.J. Maxx, Kohl's, Hobby Lobby, Anytime Fitness, and More

Investment highlights

Located in northwestern Ohio, Lima is a city in Allen County with an estimated population of around 35,000. Positioned roughly 75 miles north of Dayton and about 90 miles south of Toledo, Lima serves as a commercial and employment hub for much of west-central Ohio.

Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (Curaleaf) is the world's leading international provider of consumer products in cannabis with a mission to improve lives by providing clarity around cannabis and confidence around consumption.

FASTSIGNS International, Inc. is the global franchisor of FASTSIGNS Centers and a leading national visual ideas company that creates a wide variety of comprehensive sign and graphics solutions.

The Spot 419 is a local nightlife-oriented food restaurant.

Listing Contacts

BC
OH OH SAL.2019001449, NE NE 20220396
Marcus & Millichap - Columbus
ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$211,901.00
$17,658.42/mo

Valuation Metrics

0
DSCR
8.25%
Cap Rate
8.25%
ROI

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Additional Information

Name
Michael Glass
License
BRK.2007005898
Title
Broker of Record
Name
Brennan Clegg
License
OH SAL.2019001449
Name
Zack House
License
AZ, OH CO000422000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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