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AYR Wellness 6555 Pearl Rd 3,200 SF Retail Building Parma Heights, OH 44130 $1,750,000 ($546.88/SF) 10.29% Cap Rate
INVESTMENT HIGHLIGHTS
- High Barrier to Entry
- 5 Percent Rental Increases Every Five Years with Multiple Renewal Options
- 240,000+ Residents in a 5-Mile Radius (Cleveland MSA)
- City Approved Cannabis License – OH Has a Limited Number of Dispensary Licenses Available, Making the Application Process Highly Competitive
- Average Household Income Exceeds $80,000 Within a 3-Mile Radius
- Excellent Visibility Along Pearl Road - 19,725 Cars/Day
EXECUTIVE SUMMARY
Ayr Wellness Inc. ("Ayr") (CSE: AYR.A, OTCQX: AYRWF) is an expanding vertically integrated, U.S. multi-state cannabis operator, focused on delivering the highest quality cannabis products and customer experience through its footprint. The Company operates simultaneously as a retailer with 90+ licensed dispensaries and a house of cannabis CPG brands.
Located in Ohio’s Cuyahoga County, Parma Heights is a western suburb of Cleveland with a population of nearly 20,000 people. Parma Heights offers its residents a convenient lifestyle; located near Cleveland and Cleveland Hopkins International Airport close to multiple freeways, easy access to parks and green space, cultural activities, restaurants and shopping.
Located in Ohio’s Cuyahoga County, Parma Heights is a western suburb of Cleveland with a population of nearly 20,000 people. Parma Heights offers its residents a convenient lifestyle; located near Cleveland and Cleveland Hopkins International Airport close to multiple freeways, easy access to parks and green space, cultural activities, restaurants and shopping.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,200 SF
Building Class
C
Year Built/Renovated
1984/2025
Price
$1,750,000
Price Per SF
$546.88
Cap Rate
10.29%
NOI
$180,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.32 AC
Zoning
N-MUD - N-MUD Neighborhood Mixed-Use
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 473-34-008 | Improvements Assessment | $200,620 |
| Land Assessment | $177,730 | Total Assessment | $378,350 |
PROPERTY TAXES
Parcel Number
473-34-008
Land Assessment
$177,730
Improvements Assessment
$200,620
Total Assessment
$378,350
CONTACTS
-
Alex Frankel -
Mark Ruble -
Christopher Lind -
Zack House -
Michael Glass -
Marcus & Millichap
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AYR Wellness | 6555 Pearl Rd
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