Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire the fee simple interest in a single-tenant absolute triple-net leased Silver Therapeutics cannabis dispensary, located at 60 State Route 236 in Berwick, Maine (the “Property”). Silver Therapeutics has operated at this location since 2021 and recently signed a lease amendment committing to a 15-year term with 3 percent annual rent escalations. The Property features 1,464 square feet of rentable building area on approximately 0.94 acres of land along State Route 236. Strategically located along the border with New Hampshire, a medical-cannabis-only state, this adult-use (recreational) dispensary is within one mile of Somersworth, New Hampshire. Founded in 2017, Silver Therapeutics is a Northeast-focused multi-state operator with seven dispensaries in New York, Massachusetts, Maine, and Vermont. In addition to its current Saratoga Springs location, the company is on track to open three more New York stores in the next three to six months. Silver Therapeutics has an exclusive partnership with a women-owned cultivation facility in Brunswick, Maine, to stock their Maine locations with unique strains. Berwick is part of the 561,576-person Portland-South Portland-Biddeford metropolitan statistical area, and the town offers a blend of small-town charm and proximity to major cities. The Salmon Falls River separates Berwick from Somersworth, New Hampshire, and offers scenic views and outdoor activities.