Miscellaneous
Ascend Cannabis Dispensary
1451 Old Brodhead Rd, Monaca, PA 15061
Listing Price: $5,439,688
Investment Overview
Marcus & Millichap is pleased to offer for sale to qualified investors the opportunity to purchase a fee-simple interest in the Ascend Cannabis Dispensary asset located in Monaca, Pennsylvania (the “Property”). The Property is located 25 miles northwest of Pittsburgh and 16 miles from Pittsburgh International Airport and is part of the Pittsburgh metropolitan area. It consists of a 7,876-square-foot freestanding retail building on a 1.26-acre parcel of land.
Ascend is operating under an absolute NNN lease with zero landlord responsibilities whatsoever, offering a truly passive investment asset. The lease has over 12 years of term remaining, and features attractive 3.00% annual rent escalations throughout the base term, providing investors with a boost to overall cash flows and a significant hedge against inflation.
Ascend Cannabis Dispensary
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
- Expanding Cannabis Market
- Proximity to Several National Hotel Chains and Multiple National Retail Chains such as Arby's, Burger King, Chick-fil-A, Dollar Tree, Shell
- Exceptional Revenue Numbers and Continuous Growth
- Close Proximity to Interstate 376 with Excellent Visibility
- 25 Miles Northwest of Pittsburgh, PA
Broker of Record
Listing Price: $5,439,688
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
- Expanding Cannabis Market
- Proximity to Several National Hotel Chains and Multiple National Retail Chains such as Arby's, Burger King, Chick-fil-A, Dollar Tree, Shell
- Exceptional Revenue Numbers and Continuous Growth
- Close Proximity to Interstate 376 with Excellent Visibility
- 25 Miles Northwest of Pittsburgh, PA
Investment Overview
Marcus & Millichap is pleased to offer for sale to qualified investors the opportunity to purchase a fee-simple interest in the Ascend Cannabis Dispensary asset located in Monaca, Pennsylvania (the “Property”). The Property is located 25 miles northwest of Pittsburgh and 16 miles from Pittsburgh International Airport and is part of the Pittsburgh metropolitan area. It consists of a 7,876-square-foot freestanding retail building on a 1.26-acre parcel of land. Ascend is operating under an absolute NNN lease with zero landlord responsibilities whatsoever, offering a truly passive investment asset. The lease has over 12 years of term remaining, and features attractive 3.00% annual rent escalations throughout the base term, providing investors with a boost to overall cash flows and a significant hedge against inflation.
Broker of Record
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