503 W River St - Retail FOR SALE
Antwerp, OH 45813 |
$1,098,667 USD
305-905-3215
503 W River St
Antwerp, OH 45813
HIGHLIGHTS
- Long Lease Term: Brand-new 15-year lease running through June 2040, with two (2) five-year renewal options on the back end.
- Absolute NNN Lease: The property is leased under an absolute NNN structure, with the tenant responsible for all operating expenses, including taxes,
- Attractive Rental Increases: 3.00% annual rent escalations, creating strong, predictable NOI growth and built-in inflation protection.
- High Barrier To Entry: The property operates as a state-licensed cannabis dispensary, a use that benefits from strict licensing caps, zoning restrict
- Strong Multi-State/Established Operator: Verano is one of the largest cannabis operators in the country, with +160 dispensaries operating under the Ze
- Limited Competition: The subject property is the only cannabis dispensary in Paulding County, and the adjacent Putnam County currently has no cannabis
FOR SALE DETAILS
PRICE
$1,098,667 USD
PRICE/SF
$549 USD /SF
CAP RATE
9%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Zen Leaf
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Convenience Store, Drug Store, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.55 AC
LAND SF
23,958 SF
ZONING
-
APN/PARCEL ID
12-36S-004-00
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305-905-3215
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305-905-3215
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