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| Price $5,478,334 | Built/Renov 2020 | Tenant Ascend Cannabis |
| Cap Rate 9.50% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
6,163
| Lease Start
03-26-2020
| #Units
23
|
| Price/SF $888.91 | Expiration
02-28-2030
| Tenant Type Medical/Health |
| NOI $520,442 | R. Term 4.2 | Ownership Fee Simple |
| Rent/SF
$84.45
| Increases 2.5%/1/yrs | Pop 5Mi 98,621 |
| Lot/AC 1.89 | Options 2/10yrs/2.5% | AHHI 5Mi $76,933 |
| | |
Ascend Cannabis Dispensary sits at an ideal location with frontage on and minutes from on/off ramps of Interstate 55. From the interstate, the property and Ascend’s large sign are directly visible to the 53,000+ vehicles per day that pass by this section of the interstate. I-55 is one of the major thruways that connects Springfield to other large cities such as Bloomington, Chicago, and St....
...New construction
High traffic 50M+ VPD
Major thoroughfare
Dense retail corridor
Shopping Ctr out-parcel
Freeway visibility
Absolute NNN
Annual rent increases
Corporate Guarantee
Publicly traded company
Ascend Wellness Holdings (AWH) is a U.S. multi-state operator with 23 different locations in six states including Illinois, Michigan, Massachusetts, New Jersey, Ohio and Pennsylvania. The company...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 2,280 | 35,774 | 97,343 |
| 2023 Total Population : | 2,294 | 36,150 | 98,600 |
| 2023 Employed Civilian Pop : | 830 | 15,312 | 45,088 |
| 2023 Total Businesses : | 240 | 1,754 | 4,712 |
| 2023 Average Household Income : | $ 54,229 | $ 70,039 | $ 76,497 |
| 2023 Total Consumer Spending : | $ 48 M | $ 925 M | $ 2943 M |
| 2023 Median Age : | 38 | 37 | 39 |
| 2023 Total Households : | 1,012 | 15,081 | 44,121 |
| 2023 Pop Age 25+: Bachelor's Degree : | 185 | 3,637 | 12,501 |
| 2023 Average Home Value : | $ 202,468 | $ 168,984 | $ 179,168 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Stanford Ave | Beechler Ct | 2017 | 1,800 | 0.25 mi |
| I 55;I 72;US 36 | Lost Bridge Trl | 2021 | 52,300 | 0.32 mi |
| S Dirksen Pkwy | Executive PkDr | 2017 | 12,300 | 0.33 mi |
| S Dirksen Pkwy | Stevenson Dr | 2017 | 12,300 | 0.34 mi |
| Adloff Ln | Stanford Ave | 2017 | 575 | 0.36 mi |
| Adloff Ln | Carl Prairie Dr | 2017 | 1,450 | 0.38 mi |
| Villanova Dr | Glen Aire Dr | 2017 | 450 | 0.43 mi |
| Adloff Ln | Villanova Dr | 2017 | 1,700 | 0.46 mi |
| Hermitage Rd | Adloff Ln | 2003 | 1,050 | 0.50 mi |
| Stanford Ave | Adloff Ln | 2017 | 1,100 | 0.51 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
