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Miscellaneous

Higher Collective

595 Bank St, New London, CT 06320

Listing Price: $1,200,000

Cap Rate
9.00%
Tenant Name
Higher Collective
Years Remaining On Lease
7.1
Guarantor
Franchisee Guarantee
Rentable SF
4,440
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.32

Investment Overview

Premium Real Estate in a Rapidly Growing Industry

Higher Collective is a leading adult-use cannabis dispensary operator with five locations across Connecticut, strategically partnered with Curaleaf, one of the largest cannabis companies in the U.S. with $1.3B+ in annual revenues.

Featured Property: 595 Bank Street, New London, CT

$1M+ in recent upgrades – full renovation & tenant fit-out

Prime location across from a 140-unit luxury residential development

Steps from Amtrak, Cross Sound Ferry, and minutes from I-95

Surrounded by major employers: General Dynamics Electric Boat, U.S. Coast Guard, Social Security Administration, Lawrence + Memorial Hospital

Located in a federally designated Opportunity Zone

Investment Highlights

Stabilized asset generating $107,987 NOI (as of Dec 1)

Minimal landlord responsibilities

Positioned in a $42B U.S. cannabis market growing 9% annually

One of only 7 licensed dispensaries in Connecticut

This is a rare chance to invest in a stabilized, income-producing property in one of the nation’s fastest-growing sectors.

Investment Highlights

  • 4% Annual escalations
  • Partnered with largest national cannabis company
  • Strong Location surrounded by density

Exclusively Listed By

Miscellaneous

Higher Collective

Listing Price: $1,200,000

Cap Rate
9.00%
Tenant Name
Higher Collective
Years Remaining On Lease
7.1
Guarantor
Franchisee Guarantee
Rentable SF
4,440
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.32

Investment Highlights

  • 4% Annual escalations
  • Partnered with largest national cannabis company
  • Strong Location surrounded by density

Investment Overview

Premium Real Estate in a Rapidly Growing Industry Higher Collective is a leading adult-use cannabis dispensary operator with five locations across Connecticut, strategically partnered with Curaleaf, one of the largest cannabis companies in the U.S. with $1.3B+ in annual revenues. Featured Property: 595 Bank Street, New London, CT $1M+ in recent upgrades – full renovation & tenant fit-out Prime location across from a 140-unit luxury residential development Steps from Amtrak, Cross Sound Ferry, and minutes from I-95 Surrounded by major employers: General Dynamics Electric Boat, U.S. Coast Guard, Social Security Administration, Lawrence + Memorial Hospital Located in a federally designated Opportunity Zone Investment Highlights Stabilized asset generating $107,987 NOI (as of Dec 1) Minimal landlord responsibilities Positioned in a $42B U.S. cannabis market growing 9% annually One of only 7 licensed dispensaries in Connecticut This is a rare chance to invest in a stabilized, income-producing property in one of the nation’s fastest-growing sectors.

Exclusively Listed By

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