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33113 Aurora Rd
Solon, OH 44139
The Botanist · Retail Property For Sale
Investment Highlights
- Long Lease Term: There are about ±9 years remaining on the base term of the lease which runs through December 31st, 2034, with two (2) five-year renew
- Attractive Rental Increases: 2.50% annual rent escalations, creating strong, predictable NOI growth and built-in inflation protection.
- Limited Competition: There is only one other operating cannabis dispensary in Solon, Ohio. The adjacent county of Geauga County, located immediately t
- Absolute NNN Lease: The property is leased under an absolute NNN structure, with the tenant responsible for all operating expenses, including taxes, i
- Former Bank Branch with Drive-Thru: The Subject Property is a former bank branch featuring a double drive-thru, providing strong functional utility. T
- Strong Multi-State/Established Operator: Canopy Growth Corporation is a leading global cannabis company headquartered in Canada and publicly traded on
Executive Summary
Broker of Record
Matthew Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Matthew Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
C
Year Built/Renovated
1959/2025
Price
$3,851,656 CAD
Price Per SF
$1,540.66 CAD
Cap Rate
8.75%
NOI
$337,020 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.47 AC
Zoning
C-3
Parking
15 Spaces (3.65 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 954-02-071 | Improvements Assessment | $132,929 CAD |
| Land Assessment | $158,400 CAD | Total Assessment | $291,329 CAD |
Property Taxes
Parcel Number
954-02-071
Land Assessment
$158,400 CAD
Improvements Assessment
$132,929 CAD
Total Assessment
$291,329 CAD
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