Off the Charts

Value-Add Potential: One unit is currently vacant, offering immediate upside through lease-up and a clear path to enhance net operating income.
Attractive Yield: Offered at an in-place Year 1 cap rate of 10.84%, presenting a compelling return profile for investors.
Passive Income Stream: The anchor tenant occupies approximately 86% of the rentable area under a triple-net (NNN) lease, significantly reducing landlord responsibilities.
Established Cannabis Market: Ohio ranks among the nation’s leading cannabis markets, with medical marijuana sales exceeding $2.2 billion and recreational sales topping $871 million. The state approved recreational cannabis in late 2023, with legal sales commencing August 6, 2024, reinforcing long-term demand fundamentals.
Limited Direct Competition: The nearest competing dispensary is located approximately four miles away, with no dispensaries directly west of the subject property. Preble County, immediately adjacent to the west, currently has no licensed dispensaries, providing a strong competitive advantage for the subject property.
Tenant Commitment: Cannabis tenants face high relocation barriers due to strict state zoning regulations and approval processes governed by the Ohio Board of Pharmacy. The existing tenant has demonstrated long-term commitment with a recent capital investment of over $1.2 million into the premises.

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