HIGHLIGHTS
- Value-Add Potential: One unit is currently vacant, offering immediate upside through lease-up and a clear path to enhance net operating income.
- Attractive Yield: Offered at an in-place Year 1 cap rate of 10.84%, presenting a compelling return profile for investors.
- Passive Income Stream: The anchor tenant occupies approximately 86% of the rentable area under a triple-net (NNN) lease
- Established Cannabis Market: Ohio ranks among the nation’s leading cannabis markets, with medical marijuana sales exceeding $2.2 billion
- Limited Direct Competition: The nearest competing dispensary is located approximately four miles away
- Tenant Commitment: Cannabis tenants face high relocation barriers due to strict state zoning regulations
FOR SALE DETAILS
PRICE
$1,150,000 USD
PRICE/SF
$151 USD /SF
CAP RATE
10.84%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Off the Charts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1945
SPRINKLERS
-
PARKING SPACES
13
LAND DETAILS
CROSS STREETS
Hillcrest Avenue
LAND ACRES
0.41 AC
LAND SF
17,860 SF
ZONING
-
APN/PARCEL ID
R72-16307-0012
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305-905-3215
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305-905-3215
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