AYR Wellness Tenant in NNN Lease

CannaMLS ID: 6207
Save Listing

Price: $3,000,000


Listing Details


Listing Category
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: $3,000,000

Listing Status: For Sale

-AYR Wellness a publicly traded company is the existing cannabis tenant operator
-Date of Lease agreement 01/27/2021
-Lease commencement date 03/22/2021
-15 year base lease
-Tenant option to extend the Lease
-Option terms for four (4) additional term(s) of five (5) years each
-Base Rent: Monthly Base Rent: $17,500.00 (increasing April 22')
-Base Rent shall increase by three percent (3.0%) each year
effective April 1, 2022 
-All lease options also have a 3% annual increase
-NNN, full true triple net
-Cannabis dispensary has been operating at this location since 2016

-There is an additional property for sale from the same owner at address is 17006 S. Weber Dr Chandler AZ with the same tenant. 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 85248

Date Listed For Sale:
1/31/2022

Date Last Updated:
1/31/2022

Generating Revenue:
YES

Operational:
YES

Property Details

Buiding Size (sq ft)
2600 sq ft

Lot Size (acres)
0 acres

Built out / Turnkey
YES

Green Zone Confirmed
YES

Pricing Details

Listing Price
$3,000,000

Seller Financing Available?
YES

Property Purchase Price
$3,000,000

Property Lease Rate
$17,500/month

Lease Terms:

-AYR Wellness a publicly traded company is the existing cannabis tenant operator
-Date of Lease agreement 01/27/2021
-Lease commencement date 03/22/2021
-15 year base lease
-Tenant option to extend the Lease
-Option terms for four (4) additional term(s) of five (5) years each
-Base Rent: Monthly Base Rent: $17,500.00 (increasing April 22')
-Base Rent shall increase by three percent (3.0%) each year
effective April 1, 2022 
-All lease options also have a 3% annual increase
-NNN, full true triple net
-Cannabis dispensary has been operating at this location since 2016

-There is an additional property for sale from the same owner at address is 17006 S. Weber Dr Chandler AZ with the same tenant. 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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