Skip to main content

Miscellaneous

Ascend Cannabis Holdings

33 Munsonhurst Rd, Franklin, NJ 07416

Listing Price: $1,989,188

Cap Rate
8.00%
Tenant Name
Ascend Cannabis
Years Remaining On Lease
11.8
Guarantor
Corporate Guarantee
Rentable SF
3,528
Lease Type
Absolute Net
Rent Per Square Feet
$45.11

Investment Overview

Marcus & Millichap is pleased to offer for sale to qualified investors the opportunity to
purchase the fee-simple interest in a long-term absolute net leased cannabis facility in
Franklin, New Jersey. This property is part of AWH’s broader strategy to focus on limitedlicense states and establish a strong presence in key medical and adult-use markets. The
Property is on a true triple-net lease and sits on a 1.11-acre parcel of land. The lease has
over 12 years of term remaining, and features attractive 3 percent annual rent escalations
throughout the base term, providing investors with a boost to overall cash flows and a
significant hedge against inflation.

The Property serves as a Mission Critical additional building to AWH’s sole New Jersey
120,000-square-foot cannabis grow facility across from the Property. The Property is used for
additional employee offices and parking to complement their facility across the street. The
site is improved with 38 surface parking spaces.

Investment Highlights

  • Absolute NNN Lease with Annual Rent Increases
  • Attractive 3.00% Annual Rent Escalations Throughout the Base Term
  • One of the Largest Publicly Traded Cannabis Companies
  • Large-scale cultivation center designed to support both medical and adult-use cannabis markets in New Jersey
  • Exceptional Revenue Numbers and Continuous Growth
  • Frontage on Route 23 with Excellent Visibility
  • Close Proximity to Multiple National Retail Chains such as T-Mobile, Dollar Tree, Starbucks, Mattress Firm, Wendy's, Walmart

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s) NJ: 2192359

    New Jersey

Miscellaneous

Ascend Cannabis Holdings

Listing Price: $1,989,188

Cap Rate
8.00%
Tenant Name
Ascend Cannabis
Years Remaining On Lease
11.8
Guarantor
Corporate Guarantee
Rentable SF
3,528
Lease Type
Absolute Net
Rent Per Square Feet
$45.11

Investment Highlights

  • Absolute NNN Lease with Annual Rent Increases
  • Attractive 3.00% Annual Rent Escalations Throughout the Base Term
  • One of the Largest Publicly Traded Cannabis Companies
  • Large-scale cultivation center designed to support both medical and adult-use cannabis markets in New Jersey
  • Exceptional Revenue Numbers and Continuous Growth
  • Frontage on Route 23 with Excellent Visibility
  • Close Proximity to Multiple National Retail Chains such as T-Mobile, Dollar Tree, Starbucks, Mattress Firm, Wendy's, Walmart

Investment Overview

Marcus & Millichap is pleased to offer for sale to qualified investors the opportunity to purchase the fee-simple interest in a long-term absolute net leased cannabis facility in Franklin, New Jersey. This property is part of AWH’s broader strategy to focus on limitedlicense states and establish a strong presence in key medical and adult-use markets. The Property is on a true triple-net lease and sits on a 1.11-acre parcel of land. The lease has over 12 years of term remaining, and features attractive 3 percent annual rent escalations throughout the base term, providing investors with a boost to overall cash flows and a significant hedge against inflation. The Property serves as a Mission Critical additional building to AWH’s sole New Jersey 120,000-square-foot cannabis grow facility across from the Property. The Property is used for additional employee offices and parking to complement their facility across the street. The site is improved with 38 surface parking spaces.

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s): NJ: 2192359

    New Jersey

MM Texture Background
MM Textured Background Lower