loader
Join Free
Views: 163 DOM: 95 Updated: 08.08.24 Posted: 06.04.24 Status: Active

Summary

Price $3,267,000
Built/Renov 1988/2005
Tenant Cookies Dispensary
Cap Rate 7.50%
Lease Type NN+
Guarantor Corporate
Size/SF 3,202
Lease Start 07-01-2024
#Units 49
Price/SF $1,020.30
Expiration 06-30-2034
Tenant Type General Retail
NOI $245,000
R. Term 9.9
Ownership Fee Simple
Rent/SF $76.51
Increases 2.0%/1/yrs
Pop 5Mi 171,548
Lot/AC 1.02
Options 2/5yrs/2%
AHHI 5Mi $87,049

Lease Highlights

  • Cookies recently signed a brand new 10-year lease with 2 (5-year) options to extend

  • The lease features 2% annual rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Cookies is strategically located at the signalized, hard corner intersection of 53rd Ave. E and 45th St E, with access to a robust combined daily traffic count of 81,200 vehicles. The property is catty-corner from a shopping center anchored by Walmart Supercenter, Wawa, Firestone, Burger King and more. The 5-mile trade area is supported by a population of 171,548 residents with an average...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Cookies Dispensary
  • Guarantor:Corporate
  • Company:Cookies, LLC
  • # Units:49
  • Stock:Private

About Tenant

Cookies, founded in 2010 by Billboard-charting rapper and entrepreneur Berner and Bay Area breeder and cultivator Jai, is the most globally recognized cannabis company in the world. The company...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity