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5,400 SF VeriLife Cannabis Dispensary | 10-Year NNN | 7.00% CAP | Cincinnati, OH
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Investment Highlights
- Asking price: $5,245,714
- 10-year NNN lease with two 5-year options
- 2.5% annual rent escalation beginning year 2
- Year 1 NOI: $367,200
- Owner financing available
- Signalized intersection | 23,000 VPD
- Completed in 2019 | extremely high quality construction
- 1 of only 3 licensed dispensaries in Cincinnati
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Completed in summer 2019, this 5,400 sf new construction medical cannabis dispensary offering is a rare opportunity and an ideal candidate for a 1031 exchange. It is 1 of only 3 licensed cannabis dispensaries in Cincinnati and conveniently located in a high traffic area less than a mile from I-71 at a signalized intersection on Ridge Avenue. Solid surrounding area demographics. High-end construction finishes.Owner financing available. Additional retail pads and full out lot also available. Contact agent for full offering package.
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Andover Management Group Kentucky
333 East Main Street
Suite 300
Louisville, KY 40202
www.AMGKY.com
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Chase W. Davis
Director, Advisory Service
(502) 338-5232
cdavis@andovermgt.com
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