270 Executive Dr, Cranberry Township, PA 16066
Marcus & Millichap is pleased to offer qualified investors the opportunity to acquire, via long-term sale/leaseback, the 100 percent fee simple interest in a three-property retail portfolio fully occupied by The Healing Center. The offering is comprised of three state-of-the-art medical marijuana dispensaries totaling 25,632 square feet strategically located in the Pittsburgh, Pennsylvania suburban areas of Washington, Cranberry Township and Monroeville. Fully occupied by The Healing Center, the Portfolio will be subject to a 12-year absolute net lease structure. With a starting net operating income of $1,400,000 ($54.62 per square foot), the rent will escalate at a rate of two percent annually through the initial term as well as extension options.
License(s): PA: RM424190
Pennsylvania
Marcus & Millichap is pleased to offer qualified investors the opportunity to acquire, via long-term sale/leaseback, the 100 percent fee simple interest in a three-property retail portfolio fully occupied by The Healing Center. The offering is comprised of three state-of-the-art medical marijuana dispensaries totaling 25,632 square feet strategically located in the Pittsburgh, Pennsylvania suburban areas of Washington, Cranberry Township and Monroeville. Fully occupied by The Healing Center, the Portfolio will be subject to a 12-year absolute net lease structure. With a starting net operating income of $1,400,000 ($54.62 per square foot), the rent will escalate at a rate of two percent annually through the initial term as well as extension options.
License(s): PA: RM424190
Pennsylvania
