Listed by Northmarq - Chicago, Northmarq Capital, LLC
$4,636,363
Terrasana Cannabis Co. Dispensary
Details
APN 0703153015
Property Type Retail
Sub Type Storefront
Square Footage 2,793
Units 1
Cap Rate 11%
NOI $510,000
Occupancy 100%
Tenancy Single
Lease Term 10
Lease Expiration 08/31/2034
Remaining Term 8.1
Lease Options 2 x 5-Year
Year Built 1997
Year Renovated 2024
Stories 1
Acreage 1.970
Lease Commencement 09/02/2024
Ground Lease No
Long-Term, Absolute NNN Lease | Established Multi-Unit Operator
Marketing description
Northmarq is pleased to present the opportunity to acquire the fee simple interest in a Terrasana Cannabis Co. Dispensary located at 3616 Dixie Highway in Middletown, 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, more than eight years of base term remaining, and 3% annual rent increases after year five. The Property generates $510,000 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
- Dense National Retail Synergy
- Oversized Parcel w/ Dual Drive-Thru Functionality
- First-to-Market Middletown Cannabis Presence
- Proximity to Miami University Middletown
Listing Contacts
Listed by Northmarq - Chicago, Northmarq Capital, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$510,000.00
$42,500.00/mo
Valuation Metrics
0
DSCR
11%
Cap Rate
11%
ROI
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Tax History
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