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Drug Store

Curaleaf Cannabis Dispensary

1513 Business Loop E, Jamestown, ND 58401

Listing Price: $1,385,000

Cap Rate
7.00%
Tenant Name
Curaleaf Holdings, Inc.
Years Remaining On Lease
9.7
Guarantor
Corporate Guarantee
Rentable SF
18,427
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$5.26

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Curaleaf, medical marijuana dispensary in Jamestown, North Dakota. During these uncertain times this is a great investment because medical marijuana dispensaries remain open as they are considered “essential” businesses. The tenant is currently operating as Herbology but is anticipated to transition the store name to Curaleaf following the recent acquisition of Grassroots – making Curaleaf the world’s largest cannabis company. This Curaleaf offers a brand new, 10-year, triple net lease with the full lease term remaining. This lease offers two, five-year renewal options and 10 percent rent increases every five years throughout the base term and option periods. The average household income within three miles of the property exceeds $71,900. The Subject Property is a half mile from Interstate 94, which is the major roadway in the area connecting Jamestown to Fargo, 94 miles east and the State Capital Bismarck, 103 miles west. Surrounding national brands in the area include Walmart Supercenter, Tractor Supply Company, Harley-Davidson, Days Inn by Wyndham, Hampton Inn, Comfort Inn & Suites, Holiday Inn Express, Applebee’s, Burger King, Verizon and many more. This Curaleaf is two miles from the University of Jamestown with an enrollment of 1,089 students. The property is also three miles from Jamestown Mall, and 3.5 miles from Jamestown Regional Airport.

Investment Highlights

  • Brand New, 10-Year, Triple Net (NNN) Lease with Two, Five-Year Renewal Options
  • Average household income within three miles of the property exceeds $71,900
  • 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods
  • Curaleaf Recently Completed the Acquisition of Grassroots, Creating the World's Largest Cannabis Company
  • Market Leading U.S. Presence Across 23 States With Over 101 Dispensary Locations and Licenses
  • Surrounding National Brands Including Walmart Supercenter, Tractor Supply Company, Harley-Davidson, Days Inn by Wyndham, Hampton Inn, Comfort Inn & Suites, Holiday Inn Express, Applebee's, Burger King, Verizon and Many More

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) ND: 10032

    North Dakota

Drug Store

Curaleaf Cannabis Dispensary

Listing Price: $1,385,000

Cap Rate
7.00%
Tenant Name
Curaleaf Holdings, Inc.
Years Remaining On Lease
9.7
Guarantor
Corporate Guarantee
Rentable SF
18,427
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$5.26

Investment Highlights

  • Brand New, 10-Year, Triple Net (NNN) Lease with Two, Five-Year Renewal Options
  • Average household income within three miles of the property exceeds $71,900
  • 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods
  • Curaleaf Recently Completed the Acquisition of Grassroots, Creating the World's Largest Cannabis Company
  • Market Leading U.S. Presence Across 23 States With Over 101 Dispensary Locations and Licenses
  • Surrounding National Brands Including Walmart Supercenter, Tractor Supply Company, Harley-Davidson, Days Inn by Wyndham, Hampton Inn, Comfort Inn & Suites, Holiday Inn Express, Applebee's, Burger King, Verizon and Many More

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Curaleaf, medical marijuana dispensary in Jamestown, North Dakota. During these uncertain times this is a great investment because medical marijuana dispensaries remain open as they are considered “essential” businesses. The tenant is currently operating as Herbology but is anticipated to transition the store name to Curaleaf following the recent acquisition of Grassroots – making Curaleaf the world’s largest cannabis company. This Curaleaf offers a brand new, 10-year, triple net lease with the full lease term remaining. This lease offers two, five-year renewal options and 10 percent rent increases every five years throughout the base term and option periods. The average household income within three miles of the property exceeds $71,900. The Subject Property is a half mile from Interstate 94, which is the major roadway in the area connecting Jamestown to Fargo, 94 miles east and the State Capital Bismarck, 103 miles west. Surrounding national brands in the area include Walmart Supercenter, Tractor Supply Company, Harley-Davidson, Days Inn by Wyndham, Hampton Inn, Comfort Inn & Suites, Holiday Inn Express, Applebee’s, Burger King, Verizon and many more. This Curaleaf is two miles from the University of Jamestown with an enrollment of 1,089 students. The property is also three miles from Jamestown Mall, and 3.5 miles from Jamestown Regional Airport.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): ND: 10032

    North Dakota

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