Net Lease
Abstrakt - 10 Yr Abs NNN Sale-Leaseback
2149 E 5th St, Tempe, AZ 85288
Listing Price: $3,859,000
Investment Overview
Abstrakt has emerged as a leading force in Arizona's cannabis industry, distinguished by its innovative flavor profiles and widespread market reach, with a presence in over 30 submarkets statewide. Abstrakt's products can be found in over 90 dispensaries throughout Arizona. It is the Top 3 Vape Company in the state by volume and revenue and is the Top 10 overall cannabis brand in Arizona.
Located just 10 minutes east of downtown Phoenix, Tempe exudes its own personality and the youthful spirit of a college town. Home to Arizona State University, the largest public university in the United States, Tempe has a vibrant downtown that’s active day and night.
Abstrakt - 10 Yr Abs NNN Sale-Leaseback
Investment Highlights
- Brand New 10-Year Absolute Triple-Net (NNN) Lease
- Three Percent Annual Rental Increases with Multiple Renewal Options
- Tenant Invested Over $970,000 into the Interior and HVAC System in Addition to Over $400,000 of Specialty Equipment - Highly Desirable Buildout
- Dense Tempe Trade Area with 368,375 Residents within a Five-Mile Radius
- Adjacent to Arizona State University (Nearly 55,000 Students), Facilitating Access to a Skilled Workforce and Research Collaboration Opportunities
Listing Price: $3,859,000
Investment Highlights
- Brand New 10-Year Absolute Triple-Net (NNN) Lease
- Three Percent Annual Rental Increases with Multiple Renewal Options
- Tenant Invested Over $970,000 into the Interior and HVAC System in Addition to Over $400,000 of Specialty Equipment - Highly Desirable Buildout
- Dense Tempe Trade Area with 368,375 Residents within a Five-Mile Radius
- Adjacent to Arizona State University (Nearly 55,000 Students), Facilitating Access to a Skilled Workforce and Research Collaboration Opportunities
Investment Overview
Abstrakt has emerged as a leading force in Arizona's cannabis industry, distinguished by its innovative flavor profiles and widespread market reach, with a presence in over 30 submarkets statewide. Abstrakt's products can be found in over 90 dispensaries throughout Arizona. It is the Top 3 Vape Company in the state by volume and revenue and is the Top 10 overall cannabis brand in Arizona. Located just 10 minutes east of downtown Phoenix, Tempe exudes its own personality and the youthful spirit of a college town. Home to Arizona State University, the largest public university in the United States, Tempe has a vibrant downtown that’s active day and night.
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