Description
-CAP RATE 10.25 -List Price $8,870,634 -Seller will carry a note -100% leased NNN -Tenant One, Total Health & Wellness lease terms end in 2036. Included in lease are four 5 year options. -Tenant Two, P1 Capital Group, LLC lease terms end in 2031. Included in lease is one 5 year option. -Each lease has annual 3% escalators, options also have annual 3% escalators. -Tenants are Arizona State Licensed Cannabis Dispensary, Cultivation, and manufacturers. -High grossing active dispensary tenant. Great demand for this site now and in the future. -Zoning is a special county island located in the city of Chandler. -This is a county island in Chandler, AZ. *Only the sale of the property. Not a sale of the actual cannabis state license held by tenants
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0BEDS
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2.1ACRES
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0BATHS
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01/2 BATHS
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16,018SQFT
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$554$/SQFT
School Ratings & Info
Description
-CAP RATE 10.25 -List Price $8,870,634 -Seller will carry a note -100% leased NNN -Tenant One, Total Health & Wellness lease terms end in 2036. Included in lease are four 5 year options. -Tenant Two, P1 Capital Group, LLC lease terms end in 2031. Included in lease is one 5 year option. -Each lease has annual 3% escalators, options also have annual 3% escalators. -Tenants are Arizona State Licensed Cannabis Dispensary, Cultivation, and manufacturers. -High grossing active dispensary tenant. Great demand for this site now and in the future. -Zoning is a special county island located in the city of Chandler. -This is a county island in Chandler, AZ. *Only the sale of the property. Not a sale of the actual cannabis state license held by tenants
© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Arizona 1 Real Estate Team at REAL Broker AZ, LLC. Data last updated 2023-12-01T22:13:59.147.