6555 Pearl Rd - Bank FOR SALE


Parma Heights, OH 44130
$2,000,000 USD
216-292-7006
6555 Pearl Rd, Parma Heights, OH for Sale
$2,000,000 USD
Bank - FOR SALE
1/5
null | 9% Cap Rate

6555 Pearl Rd
Parma Heights, OH 44130


HIGHLIGHTS

  • High Barrier to Entry
  • City Approved Cannabis License – OH Has a Limited Number of Dispensary Licenses Available, Making the Application Process Highly Competitive
  • 5 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Average Household Income Exceeds $80,000 Within a 3-Mile Radius
  • 240,000+ Residents in a 5-Mile Radius (Cleveland MSA)
  • Excellent Visibility Along Pearl Road - 19,725 Cars/Day

OVERVIEW

Ayr Wellness Inc. ("Ayr") (CSE: AYR.A, OTCQX: AYRWF) is an expanding vertically integrated, U.S. multi-state cannabis operator, focused on delivering the highest quality cannabis products and customer experience through its footprint. The Company operates simultaneously as a retailer with 90+ licensed dispensaries and a house of cannabis CPG brands. Located in Ohio’s Cuyahoga County, Parma Heights is a western suburb of Cleveland with a population of nearly 20,000 people. Parma Heights offers its residents a convenient lifestyle; located near Cleveland and Cleveland Hopkins International Airport close to multiple freeways, easy access to parks and green space, cultural activities, restaurants and shopping.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$625 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AYR Wellness

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

N-MUD

APN/PARCEL ID

473-34-008

ASK ABOUT THIS PROPERTY

Alex FrankelMarcus & MillichapMore Info
216-292-7006

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Alex FrankelMarcus & MillichapMore Info
216-292-7006

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