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The Botanist 33113 Aurora Rd 2,500 SF Retail Building Solon, OH 44139 $2,811,428 ($1,124.57/SF) 8.75% Cap Rate
Investment Highlights
- Long Lease Term: There are about ±9 years remaining on the base term of the lease which runs through December 31st, 2034, with two (2) five-year renew
- Attractive Rental Increases: 2.50% annual rent escalations, creating strong, predictable NOI growth and built-in inflation protection.
- Limited Competition: There is only one other operating cannabis dispensary in Solon, Ohio. The adjacent county of Geauga County, located immediately t
- Absolute NNN Lease: The property is leased under an absolute NNN structure, with the tenant responsible for all operating expenses, including taxes, i
- Former Bank Branch with Drive-Thru: The Subject Property is a former bank branch featuring a double drive-thru, providing strong functional utility. T
- Strong Multi-State/Established Operator: Canopy Growth Corporation is a leading global cannabis company headquartered in Canada and publicly traded on
Executive Summary
Broker of Record
Matthew Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Matthew Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,500 SF
Building Class
C
Year Built
1959
Price
$2,811,428
Price Per SF
$1,124.57
Cap Rate
8.75%
NOI
$246,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.47 AC
Zoning
C-3
Parking
15 Spaces (3.65 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- The Botanist
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| The Botanist | Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 954-02-071 | Improvements Assessment | $96,810 |
| Land Assessment | $115,360 | Total Assessment | $212,170 |
Property Taxes
Parcel Number
954-02-071
Land Assessment
$115,360
Improvements Assessment
$96,810
Total Assessment
$212,170
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The Botanist | 33113 Aurora Rd
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