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The Landing Dispensary Cincinnati 4029 Smith Rd 3,667 SF 4-Star Retail Building Cincinnati, OH 45209 $6,390,319 CAD ($1,742.66 CAD/SF) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Corporate Guaranteed NNN Lease: 10-year NNN lease commenced 12/1/ 2023, with three (3) five-year renewal options. 2% annual rent increases.
- Excellent Accessibility: Property situated at a 4-way signalized intersection w/ dedicated left turn arrow and two curb cuts
- Premier Retail Corridor: 0.2 mi. from Rookwood Commons & Pavilion (600,000 SF Center) - Whole Foods, Macy’s, West Elm, Sephora, Capital Grille & more
- Dual-Use License: The Landing Cincinnati operates under Ohio’s “dual-use” license, serving both medical and adult-use cannabis customers.
- Immediate I-71 Access: 500 feet from I-71 (127,000 VPD), between Williams St. off-ramp and Smith Rd. on-ramp.
- New Build-to-Suit Construction: Completed in 2023: high-end finishes and state-of-the-art security systems.
EXECUTIVE SUMMARY
Introducing The Landing Dispensary, located at 4029 Smith Road, Cincinnati, Ohio 45209, this single-tenant net lease investment offers a lucrative opportunity in the booming cannabis market. Key features include a long-term 10-year NNN lease with a top-tier tenant, corporately guaranteed by Firelands Scientific, a premier multi-state cannabis operator. The property features a new build-to-suit construction with high-end finishes and cutting-edge security systems. Located in the prime retail corridor of the Rookwood area, this dual-use licensed dispensary caters to both medical and adult-use cannabis customers. Investors will benefit from a stable income stream with built-in rent growth of 2% annually and an award-winning tenant voted Best Dispensary in the 2024 Community Choice Awards. With Ohio's dual-use license allowing for both medical and adult-use cannabis sales, the property is poised for continued success in a market projected to exceed $1 billion annually by 2025. Don't miss out on this opportunity to own a premium property in a high-traffic area with excellent accessibility and a corporate guaranty in place.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,667 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2023
Price
$6,390,319 CAD
Price Per SF
$1,742.66 CAD
Cap Rate
10%
NOI
$639,032 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.70 AC
Zoning
PUD - Commercial
Parking
24 Spaces (6.54 Spaces per 1,000 SF Leased)
Frontage
225’ on Smith Rd
AMENITIES
- Atrium
- Dedicated Turn Lane
- Fenced Lot
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Fiber Optic Internet
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- The Landing Dispensary
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| The Landing Dispensary | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 651-0036-0184 | Improvements Assessment | $220,354 CAD |
| Land Assessment | $63,366 CAD | Total Assessment | $283,719 CAD |
PROPERTY TAXES
Parcel Number
651-0036-0184
Land Assessment
$63,366 CAD
Improvements Assessment
$220,354 CAD
Total Assessment
$283,719 CAD
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The Landing Dispensary Cincinnati | 4029 Smith Rd
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