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Zen Leaf 503 W River St 2,000 SF Retail Building Antwerp, OH 45813 $1,498,714 CAD ($749.36 CAD/SF) 9% Cap Rate
Investment Highlights
- Long Lease Term: Brand-new 15-year lease running through June 2040, with two (2) five-year renewal options on the back end.
- Attractive Rental Increases: 3.00% annual rent escalations, creating strong, predictable NOI growth and built-in inflation protection.
- Strong Multi-State/Established Operator: Verano is one of the largest cannabis operators in the country, with +160 dispensaries operating under the Ze
- Absolute NNN Lease: The property is leased under an absolute NNN structure, with the tenant responsible for all operating expenses, including taxes,
- High Barrier To Entry: The property operates as a state-licensed cannabis dispensary, a use that benefits from strict licensing caps, zoning restrict
- Limited Competition: The subject property is the only cannabis dispensary in Paulding County, and the adjacent Putnam County currently has no cannabis
Executive Summary
Broker of Record
Matt Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Matt 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
Building Size
2,000 SF
Building Class
C
Year Built/Renovated
2008/2025
Price
$1,498,714 CAD
Price Per SF
$749.36 CAD
Cap Rate
9%
NOI
$134,884 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.55 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Mother Grows Best, LLC
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Mother Grows Best, LLC | - | - | - | - |
Property Taxes
| Parcel Number | 12-36S-004-00 | Improvements Assessment | $38,100 CAD |
| Land Assessment | $2,060 CAD | Total Assessment | $40,160 CAD |
Property Taxes
Parcel Number
12-36S-004-00
Land Assessment
$2,060 CAD
Improvements Assessment
$38,100 CAD
Total Assessment
$40,160 CAD
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Zen Leaf | 503 W River St
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