Listed by Northmarq - Chicago, Northmarq Capital, LLC
$3,163,636
Terrasana Cannabis Co. Dispensary
Details
APN 010-096250
Property Type Retail
Sub Type Storefront
Square Footage 3,100
Units 1
Cap Rate 11%
NOI $348,000
Occupancy 100%
Tenancy Single
Lease Term 10
Lease Expiration 01/31/2035
Remaining Term 8.5
Lease Options 2 x 5 year
Year Built 1999
Year Renovated 2025
Stories 1
Acreage 0.880
Lease Commencement 01/31/2025
Ground Lease No
Long-Term, Absolute NNN Lease | Established Multi-Unit Operator | Direct Access to I-70
Marketing description
Northmarq is pleased to present the opportunity to acquire the fee simple interest in a Terrasana Cannabis Co. Dispensary located at 1971 East Livingston Avenue in Columbus, Ohio. The asset is leased to Battle Green Real Estate LLC and guaranteed by Battle Green Holdings LLC under a long-term absolute NNN lease with zero landlord responsibilities, approximately eight years and eight months of base term remaining, and 3% annual rent increases. The Property generates $348,000 in annual NOI and is offered at a 11.00% cap rate.
Investment highlights
- Long-Term Absolute NNN Lease w/ Annual Increases
- Established Multi-Unit Operator
- Premier Signalized Hard Corner Retail Positioning
- Strategic Columbus Infill Location with Immediate Access to Interstate 70
- Dense Urban Trade Area
- First-to-Market Central Ohio Cannabis Presence
Listing Contacts
Listed by Northmarq - Chicago, Northmarq Capital, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$348,000.00
$29,000.00/mo
Valuation Metrics
0
DSCR
11%
Cap Rate
11%
ROI
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Tax History
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