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Miscellaneous

AYR Wellness

6555 Pearl Rd, Parma Heights, OH 44130

Listing Price: $2,000,000

Cap Rate
9.00%
Tenant Name
Daily Releaf, LLC dba AYR Wellness
Years Remaining On Lease
0.2
Gross SF
3,200
Guarantor
Corporate Guarantee
Rentable SF
3,200
Price/Gross SF
$625.00
Lease Type
Double Net
Rent Per Square Feet
$5.62

Investment Overview

Ayr Wellness Inc. ("Ayr") (CSE: AYR.A, OTCQX: AYRWF) is an expanding vertically integrated, U.S. multi-state cannabis operator, focused on delivering the highest quality cannabis products and customer experience through its footprint. The Company operates simultaneously as a retailer with 90+ licensed dispensaries and a house of cannabis CPG brands.

Located in Ohio’s Cuyahoga County, Parma Heights is a western suburb of Cleveland with a population of nearly 20,000 people. Parma Heights offers its residents a convenient lifestyle; located near Cleveland and Cleveland Hopkins International Airport close to multiple freeways, easy access to parks and green space, cultural activities, restaurants and shopping.

Investment Highlights

  • High Barrier to Entry – City Approved Cannabis License – Ohio Has a Limited Number of Dispensary Licenses Available, Making the Application Process Highly Competitive
  • 5 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Average Household Income Exceeds $80,000 Within a 3-Mile Radius
  • 240,000+ Residents in a 5-Mile Radius (Cleveland MSA)
  • Excellent Visibility Along Pearl Road - 19,725 Cars/Day

Exclusively Listed By

Financing By

Miscellaneous

AYR Wellness

Listing Price: $2,000,000

Cap Rate
9.00%
Tenant Name
Daily Releaf, LLC dba AYR Wellness
Years Remaining On Lease
0.2
Gross SF
3,200
Guarantor
Corporate Guarantee
Rentable SF
3,200
Price/Gross SF
$625.00
Lease Type
Double Net
Rent Per Square Feet
$5.62

Investment Highlights

  • High Barrier to Entry – City Approved Cannabis License – Ohio Has a Limited Number of Dispensary Licenses Available, Making the Application Process Highly Competitive
  • 5 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Average Household Income Exceeds $80,000 Within a 3-Mile Radius
  • 240,000+ Residents in a 5-Mile Radius (Cleveland MSA)
  • Excellent Visibility Along Pearl Road - 19,725 Cars/Day

Investment Overview

Ayr Wellness Inc. ("Ayr") (CSE: AYR.A, OTCQX: AYRWF) is an expanding vertically integrated, U.S. multi-state cannabis operator, focused on delivering the highest quality cannabis products and customer experience through its footprint. The Company operates simultaneously as a retailer with 90+ licensed dispensaries and a house of cannabis CPG brands. Located in Ohio’s Cuyahoga County, Parma Heights is a western suburb of Cleveland with a population of nearly 20,000 people. Parma Heights offers its residents a convenient lifestyle; located near Cleveland and Cleveland Hopkins International Airport close to multiple freeways, easy access to parks and green space, cultural activities, restaurants and shopping.

Exclusively Listed By

Financing By

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