AYR Wellness Tenant in NNN Lease

CannaMLS ID: 6206
Save Listing

Price: $7,000,000


Listing Details


Listing Category
Cultivation
Manufacturing
Distribution
Dispensary

License Status
Conditional use permit granted
License application submitted
Provisional license granted
Municipal / local license granted
State / annual license granted

Medical
YES

Adult Use
YES

Price: $7,000,000

Listing Status: For Sale

-AYR Wellness is a publicly traded company and is the current tenant

-Date of Lease 01/27/2021
-Lease commencement date 03/22/2021
-Initial term of fifteen (15) years
-Options to extend the Lease
-Option term for four (4) additional term(s) of five (5) years each.
-Base Rent: Monthly Base Rent: $37,500.00
-Base Rent shall increase by three percent (3.0%) each year
effective April 1, 2022 - including options too
-NNN, true triple net
-AYR Wellness dispenses, cultivates, and manufactures from this property

:There is an additional property listed at 26427 S. Arizona Avenue Chandler AZ that is being sold by the seller. If both properties are not bought together then the individual list price will increase. Tenant has a 21 day ROFR from day of offer being shown to tenant.

Please contact Brent Russum at 701-580-3260 / brentrussum@gmail.com


Listing Details

Listing Status
For Sale

Location
Chandler, Arizona 85226

Date Listed For Sale:
1/31/2022

Date Last Updated:
1/31/2022

Generating Revenue:
YES

Operational:
YES

Property Details

Buiding Size (sq ft)
16640 sq ft

Lot Size (acres)
0 acres

Built out / Turnkey
YES

Equipment Included
YES

Green Zone Confirmed
YES

Pricing Details

Listing Price
$7,000,000

Seller Financing Available?
YES

Property Purchase Price
$7,000,000

Property Lease Rate
$37,500/month

Lease Terms:

 

-AYR Wellness is a publicly traded company and is the current tenant

-Date of Lease 01/27/2021
-Lease commencement date 03/22/2021
-Initial term of fifteen (15) years
-Options to extend the Lease
-Option term for four (4) additional term(s) of five (5) years each.
-Base Rent: Monthly Base Rent: $37,500.00
-Base Rent shall increase by three percent (3.0%) each year
effective April 1, 2022 - including options too
-NNN, true triple net
-AYR Wellness dispenses, cultivates, and manufactures from this property

:There is an additional property listed at 26427 S. Arizona Avenue Chandler AZ that is being sold by the seller. If both properties are not bought together then the individual list price will increase. Tenant has a 21 day ROFR from day of offer being shown to tenant.

Please contact Brent Russum at 701-580-3260 / brentrussum@gmail.com


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