Marcus & Millichap is pleased to present the opportunity to acquire a Curaleaf Cannabis Dispensary in Wayne, PA which is part of the Philadelphia metro area. This is a new location, renovated by the tenant in 2021. This Curaleaf offers a long-term triple net lease with 10 percent rent increases every five years throughout the base term and option periods. The next rent increase will take effect on July 1, 2027, which adjusts the asking cap rate to 8.8%. The surrounding area has exceptional demographics. Wayne is a highly affluent Philadelphia suburb and is one of the wealthiest areas in the nation. The average household income in one mile is $198,185, and $198,185 in three miles. The Subject Property is 20 miles from Philadelphia, the largest city in the metro with over 1.6 million residents. The metro is expected to add nearly 96,500 people over the next five years. The property is located on Lancaster Avenue which has a daily traffic count of 25,000 vehicles, off Interstate 476 with more than 120,000 vehicles daily. Curaleaf has acquired multiple brands, creating one of the largest cannabis companies in the U.S. and among the largest globally. Curaleaf has the largest geographical reach of any American cannabis company, operating in 17 states with 151 total retail locations and well over 900 wholesale partner accounts nationwide – with 18 locations in Pennsylvania. The Subject Property is within walking distance from Brightview Devon, which is a senior independent and assisted living community comprised of 171 apartment homes. Surrounding national brands include Whole Foods Market, Target, T.J. Maxx, HomeGoods, Five Below, Orangetheory Fitness, Fleming’s Prime Steakhouse & Wine Bar, Verizon, Anthony's Coal Fired Pizza, Starbucks, Dunkin, Chick-fil-A, Chipotle, Chase Bank, PNC Bank, Wells Fargo, Bank of America, Wawa, CVS, Rite Aid, Courtyard Marriott Philadelphia, BMW, Mercedes-Benz, Volkswagen, Tesla, Range Rover, and many others.