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| Price $2,312,500 | Built/Renov 1976/2024 | Tenant Altius Dispensary |
| Cap Rate 8.00% | Lease Type
NN+ | Guarantor Corporate |
| Size/SF
4,500
| Lease Start
03-01-2024
| #Units
4
|
| Price/SF $513.89 | Expiration
02-28-2036
| Tenant Type General Retail |
| NOI $185,000 | R. Term 11.5 | Ownership Fee Simple |
| Rent/SF
$41.11
| Increases 3.0%/1/yrs | Pop 5Mi 255,232 |
| Lot/AC 1.05 | Options 4/5yrs/3% | AHHI 5Mi $148,030 |
| | |
Altius Dispensary is strategically located at the signalized, hard-corner intersection of Schmale Road and Main Place, with access to a combined daily traffic count of 23,800 vehicles. The property is directly across from The Home Depot, a major retail anchor in the area. It is also conveniently located near two major thoroughfares: North Avenue (57,300 VPD) and Interstate 355 (121,400 VPD)....
...Signalized intersection
Recent renovation
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Long 10+ yr lease
Favorable NN+ lease
Annual rent increases
Corporate Guarantee
Altius Dispensary is a well-established cannabis dispensary known for providing a wide range of high-quality cannabis products. Altius Dispensary offers a variety of products including flowers,...
Stockton, CA
Cap Rate 7.00%
Lease Double NN
R. Term 0.90 yrs
Size/SF 5,993
Alliance, OH
Cap Rate 8.00%
Lease Gross
R. Term 8.60 yrs
Size/SF 34,230
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
