Zenleaf (Verano Holdings) | Sellersville, PA 64 N Main St 3,879 SF Retail Building Sellersville, PA 18960 $1,606,709 CAD ($414.21 CAD/SF) 10% Cap Rate

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Zen Leaf dispensary, a corporately guaranteed, absolute NNN investment located in the walkable Borough of Sellersville, Pennsylvania. The property is leased to TerraVida Holistic Centers LLC, a wholly owned subsidiary of Verano Holdings Corp.—one of the largest vertically integrated cannabis operators in the U.S.—providing investors with truly passive ownership and zero landlord responsibilities. Verano operates in 13 states with approximately 157 retail locations and 15 cultivation and production facilities totaling more than 1.1 million square feet, and generated $878.6 million in revenue in 2024.
The lease commenced in February 2018 and expires in February 2028, with over two years of remaining base term and three additional five-year renewal options. Rent remains fixed throughout the base term and all option periods, delivering a stable and predictable income stream. The tenant has operated at this location since 2018, underscoring the durability of demand within the Sellersville trade area.
The property features a 3,879-square-foot freestanding building situated on a 0.187-acre parcel, creating a low-maintenance operating footprint. The facility underwent extensive renovations in 2017/2018, including over $600,000 in capital improvements, resulting in a modernized, well-maintained dispensary. Offered fee simple at $1,166,200 and a 10.00% cap rate, this bite-sized investment provides an attractive entry point for first-time NNN buyers, all-cash investors, and 1031 exchange buyers seeking high-yield, passive income backed by an institutional-quality tenant.