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| Price $2,130,000 $2,312,500 | Built/Renov 1976/2024 | Tenant Altius Dispensary |
| Cap Rate 8.69% 8.00% | Lease Type
NN+ | Guarantor Corporate |
| Size/SF
4,500
| Lease Start
03-01-2024
| #Units
4
|
| Price/SF $473.33 $513.89 | Expiration
02-28-2036
| Tenant Type General Retail |
| NOI $185,000 | R. Term 11.2 | 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,...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 12,048 | 111,033 | 248,841 |
| 2024 Total Population : | 12,327 | 114,077 | 255,232 |
| 2024 Employed Civilian Pop : | 6,379 | 61,283 | 139,329 |
| 2024 Total Businesses : | 733 | 4,308 | 9,320 |
| 2024 Average Household Income : | $ 115,424 | $ 151,655 | $ 148,030 |
| 2024 Total Consumer Spending : | $ 485 M | $ 5352 M | $ 11988 M |
| 2024 Median Age : | 36 | 39 | 40 |
| 2024 Total Households : | 4,810 | 41,054 | 94,018 |
| 2024 Pop Age 25+: Bachelor's Degree : | 2,254 | 25,011 | 56,028 |
| 2024 Average Home Value : | $ 472,902 | $ 444,199 | $ 424,300 |
Middletown, CT
Cap Rate 7.00%
Lease NN+
R. Term 8.90 yrs
Size/SF 1,840
Stockton, CA
Cap Rate 7.00%
Lease Double NN
R. Term 0.90 yrs
Size/SF 5,993
Alliance, OH
Cap Rate 8.76%
Lease Gross
R. Term 8.30 yrs
Size/SF 34,230
Orland Park, IL
Cap Rate 7.00%
Lease Double NN
R. Term 9.50 yrs
Size/SF 14,910
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
