64 N Main St - Freestanding FOR SALE


Sellersville, PA 18960
$1,166,200 USD
215-603-6914
64 N Main St, Sellersville, PA for Sale
$1,166,200 USD
Freestanding - FOR SALE
1/10
null | 10% Cap Rate

64 N Main St
Sellersville, PA 18960


HIGHLIGHTS

  • Absolute NNN lease to TerraVida, a wholly owned subsidiary of Verano Holdings, one of the largest cannabis operators in the U.S. with $878M Revenue
  • Ownership is fully passive with zero landlord responsibilities and a modernized dispensary following more than $600,000 in capital improvements.
  • The offering features a 10.00% cap rate at a $1.17 million price point, delivering a rare double-digit yield in today’s net lease market.
  • The manageable deal size is well suited for first-time NNN buyers, all-cash investors, and 1031 exchange capital.
  • Located in affluent Bucks County, supported by strong household incomes, favorable age demographics, and projected population growth thru 2030.
  • The walkable Sellersville location offers strong visibility, convenient access to Route 309, and long-term flexibility for alternative uses.

OVERVIEW

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Zen Leaf dispensary, a corporately guaranteed, absolute NNN investment located in the walkable Borough of Sellersville, Pennsylvania. The property is leased to TerraVida Holistic Centers LLC, a wholly owned subsidiary of Verano Holdings Corp.—one of the largest vertically integrated cannabis operators in the U.S.—providing investors with truly passive ownership and zero landlord responsibilities. Verano operates in 13 states with approximately 157 retail locations and 15 cultivation and production facilities totaling more than 1.1 million square feet, and generated $878.6 million in revenue in 2024. The lease commenced in February 2018 and expires in February 2028, with over two years of remaining base term and three additional five-year renewal options. Rent remains fixed throughout the base term and all option periods, delivering a stable and predictable income stream. The tenant has operated at this location since 2018, underscoring the durability of demand within the Sellersville trade area. The property features a 3,879-square-foot freestanding building situated on a 0.187-acre parcel, creating a low-maintenance operating footprint. The facility underwent extensive renovations in 2017/2018, including over $600,000 in capital improvements, resulting in a modernized, well-maintained dispensary. Offered fee simple at $1,166,200 and a 10.00% cap rate, this bite-sized investment provides an attractive entry point for first-time NNN buyers, all-cash investors, and 1031 exchange buyers seeking high-yield, passive income backed by an institutional-quality tenant.

FOR SALE DETAILS

PRICE

$1,166,200 USD

PRICE/SF

$439 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Zenleaf (Verano Holdings) | Sellersville, PA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

BC, Sellersville

APN/PARCEL ID

39-005-124-001

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.