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503 W River St
Antwerp, OH 45813

$1,098,667 USD

General Retail For Sale  •  2,000 SF

Property Details

  • Property Type General Retail
  • Total Building Size 2,000 SF
  • Lot Size 0.55 AC
  • Building Class C
  • Year Built 2008
  • Cap Rate 9.00 %
  • Tenancy Single
0 Transit Score
46 Walk Score

Highlights

Long Lease Term: Brand-new 15-year lease running through June 2040, with two (2) five-year renewal options on the back end.
Absolute NNN Lease: The property is leased under an absolute NNN structure, with the tenant responsible for all operating expenses, including taxes,
Attractive Rental Increases: 3.00% annual rent escalations, creating strong, predictable NOI growth and built-in inflation protection.
High Barrier To Entry: The property operates as a state-licensed cannabis dispensary, a use that benefits from strict licensing caps, zoning restrict
Strong Multi-State/Established Operator: Verano is one of the largest cannabis operators in the country, with +160 dispensaries operating under the Ze
Limited Competition: The subject property is the only cannabis dispensary in Paulding County, and the adjacent Putnam County currently has no cannabis
Cap Rate: 9.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Mother Grows Best, LLC

Public Transportation

AirportDriveWalkDistance
Fort Wayne International 57 min - 35.5 mi
Alexander Machado 305-905-3215 Matthews Real Estate Investment Services
Alexander Machado 305-905-3215 Matthews Real Estate Investment Services