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Views: 131 DOM: 38 Updated: 07.01.24 Posted: 06.04.24 Status: Active

Summary

Price $3,333,000
Built/Renov 1988/2005
Tenant Cookies Dispensary
Cap Rate 7.35%
Lease Type NN+
Guarantor Corporate
Size/SF 3,202
Lease Start 07-01-2024
#Units 49
Price/SF $1,040.91
Expiration 06-30-2034
Tenant Type General Retail
NOI $245,000
R. Term 9.11
Ownership Fee Simple
Rent/SF $76.51
Increases 2.0%/1/yrs
Pop 5Mi 171,548
Lot/AC 1.02
Options 2/5yrs/2%
AHHI 5Mi $87,049

Lease Highlights

  • Cookies recently signed a brand new 10-year lease with 2 (5-year) options to extend

  • The lease features 2% annual rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Cookies is strategically located at the signalized, hard corner intersection of 53rd Ave. E and 45th St E, with access to a robust combined daily traffic count of 81,200 vehicles. The property is catty-corner from a shopping center anchored by Walmart Supercenter, Wawa, Firestone, Burger King and more. The 5-mile trade area is supported by a population of 171,548 residents with an average...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Cookies Dispensary
  • Guarantor:Corporate
  • Company:Cookies, LLC
  • # Units:49
  • Stock:Private

About Tenant

Cookies, founded in 2010 by Billboard-charting rapper and entrepreneur Berner and Bay Area breeder and cultivator Jai, is the most globally recognized cannabis company in the world. The company...


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Listing Broker

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