33113 Aurora Rd - Freestanding FOR SALE
Solon, OH 44139 |
$2,811,428 USD
305-905-3215
33113 Aurora Rd
Solon, OH 44139
HIGHLIGHTS
- Long Lease Term: There are about ±9 years remaining on the base term of the lease which runs through December 31st, 2034, with two (2) five-year renew
- Absolute NNN Lease: The property is leased under an absolute NNN structure, with the tenant responsible for all operating expenses, including taxes, i
- Attractive Rental Increases: 2.50% annual rent escalations, creating strong, predictable NOI growth and built-in inflation protection.
- Former Bank Branch with Drive-Thru: The Subject Property is a former bank branch featuring a double drive-thru, providing strong functional utility. T
- Limited Competition: There is only one other operating cannabis dispensary in Solon, Ohio. The adjacent county of Geauga County, located immediately t
- Strong Multi-State/Established Operator: Canopy Growth Corporation is a leading global cannabis company headquartered in Canada and publicly traded on
FOR SALE DETAILS
PRICE
$2,811,428 USD
PRICE/SF
$1,125 USD /SF
CAP RATE
8.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Botanist
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Bank, Drug Store, Medical
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1959
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
CROSS STREETS
Melbury Ave
LAND ACRES
0.47 AC
LAND SF
20,473 SF
ZONING
C-3
APN/PARCEL ID
954-02-071
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305-905-3215
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305-905-3215
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